What is the social security ratio before payment after July 1, 20 16?

The individual contribution base of the insured person is the average monthly salary of the previous year, and the guarantee is capped according to the policy. The minimum payment base is not less than 60% of the average monthly salary of employees in the province last year, and the maximum is not higher than 300% of the average monthly salary of employees in the province last year.

The employee's individual contribution rate is 8% of the individual contribution base, and the employer's contribution rate of basic old-age insurance is 20% of the unit contribution base. The economic level varies from place to place, so the payment base is also different.