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How to calculate Wuhan social security specifically?
Endowment insurance: 20% for enterprises and 8% for individuals;
Medical insurance: 8% for units and 2% for individuals;
Unemployment insurance: 2% for the employer and 0/%for the individual;
Maternity insurance: the unit is 0.7%, and the individual does not pay;
Work-related injury insurance: 0.5% for the unit, 1%, and 2% for the individual.
2. The payment base is determined according to the individual wage level (within the range of 300%-60% of the local average social wage) and 300% or 60% of the local average social wage.
If the payment base is 2000, then the individual pension is 2000*8%= 160, the unit is 2000*20%=400, and other calculations are made.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.
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