How much is the minimum contribution to pay the pension insurance by yourself

Generally to the flexible employment staff to pay for their own employee pension insurance, at least one month to pay more than 500-600 yuan, each year's contribution level is probably in the 7,000-8,000 yuan, individual areas of the minimum contribution of more than 10,000 yuan, which has to do with the previous year's average social wage of the workers, in short, the cost is still high, if there is no certain economic conditions, it is difficult to afford the cost of flexible employment staff pension insurance. The cost of the pension insurance is very high.

Payment is based on the city's minimum wage for the previous year (generally, each prefecture-level city publishes the city's average social wage for the previous year, which is multiplied by 60% of the city's minimum wage, which is the basis for free-agent contributions), and the contribution rate for social security is 20%, and for health care it is 8%.

Pension contributions are paid according to your situation.

Buying different kinds of pension insurance, the amount of premiums to be paid is not the same, as follows:

1, urban workers' pension insurance

This kind of insurance is paid by the enterprise and the employee together, of which the proportion of the enterprise to pay 20%, the employee to pay the proportion of 8%, the base of the payment of the employee's previous year's average monthly salary. Each person's current contribution base for each city is different, for the vast majority of cities, the contribution base is about 2,000-3,000 yuan, so spread out the cost of a year to pay about 5,000 yuan.

2, the new rural social pension insurance

This type of insurance has a lot of contribution levels, consumers can choose the appropriate level of contribution according to their own actual situation, a minimum of 200 yuan a year, a maximum of 4,000 yuan, and more pay more.

There are three ways for individuals to buy pension insurance, namely, paying employee pension insurance as a flexibly employed person, paying new rural social pension insurance or urban residents' pension insurance, and buying commercial pension insurance.

If you buy employee pension insurance as a flexibly employed person, you will need to pay higher fees, but the pension you can receive after retirement will be higher; if you buy new rural or urban residents' social pension insurance, you will need to pay lower fees, and the pension you can receive after retirement will be lower; if you buy commercial insurance, how much will you receive? If you are buying commercial insurance, the exact amount of money you can receive depends on the type of commercial pension insurance you buy, and commercial pension insurance is generally more expensive.

Employee pension insurance, individuals pay 8% of their salary every month.

If the employee's contribution is higher than 300% of the average social wage of the previous year in the province, 300% of the average social wage of the previous year will be the contribution base; if the employee's contribution is lower than 60% of the average social wage of the previous year in the province, 60% of the average social wage of the previous year in the province will be the contribution base.

Individuals participating in pension insurance to a certain percentage of the average social wage of local employees on the job in the previous year as the basis for individual contributions, you can choose from 60%, 80%, 100%, based on the average social wage has increased year by year, taking into account the ability of individuals to afford to some provinces and cities to increase the level of 40%.

The social security pension for employees upon retirement consists of two parts: pension = basic pension + personal account pension.

Which: personal account pension = personal account savings ÷ number of months (50 years old for 195, 55 years old for 170, 60 years old for 139, is no longer uniformly 120)

Basic pension = (the province's average monthly salary of the previous year's on-the-job workers + the average of my indexed monthly contribution salary) ÷ 2 × years of contributions × 1% = the province's average monthly salary of the previous year's on-the-job workers (1 + my average of the indexed monthly contribution salary) ÷ 2 × the number of years of contributions × 1% = the province's monthly average of the last year on-the-job workers Average wage (1 + my average contribution index) ÷ 2 × years of contribution × 1%

(In the formula: my indexed average monthly contribution wage = average monthly wage of on-the-job workers in the previous year in the province × my average contribution index)

In the above formula, it can be seen that, in the case of the same number of years of contribution, the level of the basic pension depends on the average contribution index of the individual, and the average contribution index of the individual is the actual amount of one's own contributions, which is the average amount of one's own contributions. The average contribution index is the calendar year average of the ratio of one's actual contribution base to the average social wage. The minimum limit is 0.6 and the maximum limit is 3.

So, in both calculations of the pension, the higher the contribution base and the longer the number of years of contribution, the higher the pension will be, regardless of the situation.

Legal basis

Opinions of the State Council on the Establishment of a Unified Basic Pension Insurance System for Urban and Rural Residents

Article 4: Fund Mobilization

The urban and rural residents' pension insurance fund consists of individual contributions, collective grants and government subsidies.

(1) Individual contributions.

Participants in the urban and rural residents' pension insurance should pay the required pension insurance contributions. Contribution standards are currently set at 100 yuan, 200 yuan, 300 yuan, 400 yuan, 500 yuan, 600 yuan, 700 yuan, 800 yuan, 900 yuan, 1,000 yuan, 1,500 yuan, and 2,000 yuan per year, and the people's governments of the provinces (districts and municipalities) may set up additional contribution brackets according to the actual situation, with the maximum contribution bracket standards not exceeding the annual contributions of the locally flexibly employed persons to participate in the basic pension insurance for employees, and the maximum contribution bracket standards not exceeding the annual contributions of the locally flexibly employed persons. The maximum contribution standard shall, in principle, not exceed the annual contribution amount of local flexibly employed persons participating in the basic pension insurance for employees, and shall be reported to the Ministry of Human Resources and Social Security for the record. The Ministry of Human Resources and Social Security, in conjunction with the Ministry of Finance, will adjust the standard of contribution level in due course according to the growth of urban and rural residents' income. Participants independently choose the level of contributions, and pay more to get more.

(ii) collective subsidies.

The conditions of the village collective economic organization should be subsidized by the participants to pay contributions, the subsidy standard by the Villagers Committee to convene a meeting of the villagers to determine democratically, and encourage the conditions of the community will be included in the collective subsidies to the community public welfare undertakings within the scope of fund-raising. Encourage other social and economic organizations, public welfare and charitable organizations, individuals to provide financial support for the contributions of participants. The amount of subsidies and financial assistance does not exceed the locally set standard for the highest contribution bracket.

(C) government subsidies.

The government pays the full amount of the basic pension to participants who meet the conditions for receiving urban and rural residents' old-age insurance benefits, of which the central government gives full subsidies to the central and western regions in accordance with the centrally determined standard for the basic pension, and gives 50% subsidies to the eastern regions.

Local people's governments shall subsidize the contributions of insured persons, and the subsidy standard shall be no less than 30 yuan per person per year for those who choose to contribute to the lowest grade standard; the amount of subsidy shall be appropriately increased for those who choose to contribute to a higher grade standard; and the subsidy standard shall be no less than 60 yuan per person per year for those who choose to contribute to a grade standard of 500 yuan or more, with the specific standards and methods to be determined by the people's governments of the provinces (autonomous regions and municipalities). For groups with difficulties in paying contributions, such as severely disabled persons, the local people's governments will pay part or all of the minimum standard pension insurance premiums on their behalf.