The difference between social security 0.6 and 0.8

The difference between social security 0.6 and 0.8 lies in:

1 and social security 0.8 have higher payment bases. The contribution index of 0.6 is the individual contribution base ÷ local average wage = 60%; The payment index of 0.8 is the individual payment base ÷ local average wage = 80%; For example, the average local wage is 6,500 yuan, social security 0.6 is 3,900 yuan, and social security 0.8 is 5,200 yuan.

2, social security 0.6 payment pressure is smaller. For example, for flexible employees, the lowest grade is 0.6, the payment ratio is 20%, and the payment base is 3,900, which only needs to be paid to 780 yuan in one month; Choose 0.8, then pay 5200×20%= 1040 yuan per month.

3, social security 0.8 retirement benefits are higher. The higher the payment base of employee pension insurance, the higher the retirement benefits under the same payment period.

Is it worth paying social security yourself?

1. If you are an employee of a company and only pay 8% of your personal income, you are very cost-effective. In this case, you can pay more if you can and fully enjoy the welfare policies of the state and the company.

2. If you are a flexible employee and need to pay 20%, you need to be cautious, because only 40% of the money you pay goes into your personal account, and the remaining 60% goes into your overall account, which means that the retired employees are now paid. If you don't live long enough, you will lose money.

3. In either case, if there is a gap between 1993 and 2008 and you can make up for the social security during this period, if the national policy allows, I suggest you make up for it yourself first. It is very cost-effective to spend the previous things with the current money.

To sum up, the difference between social security 0.6 and 0.8 is that the payment base is different, the payment pressure is different, and the retirement benefits are different.

Legal basis:

Social insurance law

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Article 33

Employees shall participate in work-related injury insurance, and the employer shall pay the work-related injury insurance premium, and the employees shall not pay the work-related injury insurance premium.