Pension insurance contribution rate is how much, how many grades?

Legal analysis: social security contribution grades six grades are waxing as follows: according to the average salary of 60%, 70%, 80%, 90%, 100%, 150%, 200%, 250%, 300%. Contribution rate also varies according to local policies, generally pay social security as an individual: pension insurance: individuals pay 20%; medical insurance: individuals pay 5%. A certain percentage is set based on the insured's salary income, and thus the premiums are charged. The main purpose of social insurance is to compensate the insured for the loss of income during the period of risky accidents, in order to maintain a minimum living, and therefore it is necessary to refer to the income on which the insured normally lives, on the one hand, as a criterion for measuring the benefits, and on the other hand, as a basis for the calculation of the premiums. The biggest defect of the work-based proportional insurance system is that the burden of social insurance is directly linked to wages, whether the employer-employee ratio is the burden of social insurance premiums or one of them, the burden of social insurance is manifested in an increase in the cost of labor, which will lead to the crowding out of labor by capital and thus cause an increase in unemployment.

Legal basis: The Social Insurance Law of the People's Republic of China

Article 12: Employers shall pay the basic pension insurance premiums in accordance with the proportion of the total wages of the employees of the organization as stipulated by the State, which shall be credited to the Basic Pension Insurance Coordination Fund.

Employees shall contribute to the basic pension insurance premiums in accordance with the proportion of their own wages prescribed by the State and credited to their individual accounts.

Individual business households without employees, part-time workers who do not participate in the basic pension insurance of the employer, and other flexibly employed persons to participate in the basic pension insurance shall pay the basic pension insurance premiums in accordance with the state regulations, and the premiums shall be credited to the basic pension insurance fund and the individual account respectively.