What does it cost to pay back social security how much does it cost

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How much does it cost to make up a year's worth of social security payments?

In the process of social security payment, some people will be for some reason interrupted payment, but in order to get a complete social security time period, need to make up for the social security, such a situation is known as social security replacement. So, how much does it cost to make up for a year's worth of social security?

The cost of making up social security is related to two factors, one is the base for making up payments, and the other is the percentage of making up payments. Of course, the base for making up payments and the percentage of making up payments are different in each city, so you can consult with the local social security bureau for the specific standard of making up payments, or log on to the website of the local human resources and social security bureau to check the latest information about social security making up payments.

How much does it cost a year to pay back social security? The formula for calculating the cost of making up the social security payment: social security payment base * social security payment ratio

Taking a certain city as an example, when making up the social security payment, the base of the corresponding year's payment salary confirmed by the person, multiplied by the ratio of the average salary of the employees of the city in the previous year when making up the payment to the average salary of the employees of the city in the previous year of the corresponding year of the payment (i.e., coefficient of making up the payment) as the base of the corresponding year of the payment, and paid in accordance with the ratio of 20%. The percentage of contribution will be 20%.

According to the Implementing Rules for the Replacement of Basic Pension Insurance for Urban Employees, when an individual applies for the replacement of basic pension insurance, the contribution base for the corresponding year shall be divided into the following three grades:

(1) the average monthly salary of the employees in the city in the previous year of the year of the replacement;

(2) 60% of the average monthly salary of the employees in the city in the previous year of the year of the replacement;

(3) the average monthly salary of the employees in the city in the previous year of the year of the replacement; and ) The lower limit of the contribution wage base for the year of supplementary contribution.