Minimum payment standard of five insurances in Weihai

Endowment insurance: the payment base is the local minimum wage, and the payment ratio is 8% for individuals and 20% for units; Medical insurance: the payment base is the local minimum wage, and the payment ratio is 2% for individuals, and the unit is10%; Unemployment insurance: the payment base is the local minimum wage standard, and the payment ratio is 0.5% for individuals, and the unit is1%; Industrial injury insurance: the payment base is the total wages of employees, and the proportion of payment is determined according to the degree of industry risk, which is borne by the unit in full; Maternity insurance: the base of payment is the local minimum wage, and the proportion of payment is fully borne by the unit.

First, the significance of the minimum payment standard for Weihai five insurances

The establishment of the minimum payment standard of Weihai Five Insurance aims to protect the basic social insurance rights and interests of employees and ensure that employees can get the necessary protection when facing risks such as pension, medical care, unemployment, work injury and maternity. At the same time, the setting of minimum standards is also helpful to guide enterprises to standardize employment and promote the stable development of the labor market.

Second, the determinants of the minimum payment standard for five insurances in Weihai

The determination of the minimum payment standard for five insurances in Weihai is mainly influenced by the following factors:

1. local economic and social development level: the higher the economic development level, the higher the average wage level of employees, and the minimum payment standard for five insurances will be adjusted accordingly.

2. Average wage level of employees: The average wage of employees is an important basis for determining the payment standard of five insurances. Generally speaking, the payment standard will be adjusted according to the change of average salary.

3. Adjustment of social security policy: The state and local governments will adjust the payment standards of five insurances in a timely manner according to the needs of the reform and development of the social security system.

Three, the specific content of Weihai five insurance compensation minimum standard

According to the latest regulations issued by Weihai Human Resources and Social Security Bureau, the minimum payment standard of Weihai Five Insurance includes the payment base and payment ratio of various social insurances. The specific criteria are as follows:

1. Old-age insurance: the payment base is the local minimum wage, and the payment ratio is 8% for individuals and 20% for units.

2. Medical insurance: the payment base is the local minimum wage standard, and the payment ratio is 2% for individuals, and the unit is 10%.

3. Unemployment insurance: the payment base is the local minimum wage, and the payment ratio is 0.5% for individuals, and the unit is 1%.

4. Work-related injury insurance: the base of payment is the total wages of employees, and the proportion of payment is determined according to the degree of industry risk, which shall be borne by the unit in full.

5. Maternity insurance: the base of payment is the local minimum wage, and the proportion of payment is fully borne by the unit.

To sum up:

The minimum payment standard of five insurances in Weihai is determined by Weihai Human Resources and Social Security Bureau according to the local economic and social development level and the average wage level of employees, aiming at protecting the basic social insurance rights and interests of employees, guiding enterprises to standardize employment and promoting the stable development of the labor market. The minimum payment standard for five insurances includes the payment base and proportion of various social insurances, and the specific standards change according to the policy adjustment.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 60 provides that:

The employing unit shall declare itself and pay social insurance premiums in full and on time, and shall not postpone or reduce the payment except for legal reasons such as force majeure. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis.