Proportion of old-age insurance payment in Shangqiu City

The payment ratio of endowment insurance is generally 20% for units and 8% for employees. After the two parties establish labor relations, the employer needs to register social security for employees and pay other social security, including endowment insurance.

Pension insurance application conditions:

1. Employees shall pay social security pension insurance premiums according to their income and relevant regulations. This fee will be credited to the account opened by the local social security agency in the bank, and the interest will be calculated according to the benchmark interest rate of urban and rural residents' deposits. When employees participate in endowment insurance, the interest earned can be included in personal accounts, and all principal and interest are paid to the employees themselves.

2. Bring the household registration book, the original and photocopy of the resident ID card, and the recent one-inch photo to the social labor and social security bureau where the household registration is located for registration.

3. After the relevant departments have approved the relevant materials, the individual endowment insurance has been successfully purchased.

Materials to be prepared for social security and old-age insurance bid:

1, you need to bring the original household registration book, the original and photocopy of the resident ID card, and a recent one-inch photo for the first time.

2. The renewal needs to provide the original household registration book and ID card, employee pension insurance manual and medical insurance certificate. The form materials that need to be filled in for review include: the basic information registration form for employees participating in endowment insurance, the registration form for employees participating in endowment insurance in enterprises and towns, the supplementary form for employees participating in endowment insurance in enterprises and towns, and some attached tables.

To sum up, it should be noted that if the unit or applicant has any objection to the approved pension insurance benefits, it shall promptly report it to the local social labor and social security bureau in accordance with relevant regulations.

Legal basis:

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

Article 10

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.