Minimum standard of personal pension payment

Payment standard of individual endowment insurance

1, the enterprise pays the basic old-age insurance premium, based on the total wages of all employees, and the payment ratio is 20%;

2, individual workers to pay the basic old-age insurance, based on my salary last month, the payment ratio is 8%.

Employee pension insurance payment base

1. individual: the declaration of individual endowment insurance payment base is approved as follows. If the payment base is lower than 60% of the average monthly salary of employees in the previous year at the time of payment, 60% is the payment base, and 300% is the payment base if it is higher than 300% of the average monthly salary of employees in the previous year at the time of payment.

2. Employee transfer: the payment base is the monthly salary income of the employees transferred to the new unit. If the monthly wage income changes in the future, the payment base shall be the changed monthly wage income.

3. Demobilized veterans and employees of government agencies and institutions: If demobilized veterans and employees of government agencies and institutions work in enterprises, the monthly wage income after working in enterprises shall be the payment base.

4. Employees who retire from enterprises: employees who retire from enterprises shall be paid according to their average monthly salary before retirement 12 months; If the living expenses during retirement are higher than the income, the retirement living expenses shall be used as the payment base; If the retirement living expenses increase, the payment base will be adjusted accordingly.

5. Employees in medical period: employees who take sick leave during medical period, and employees who have been on leave for more than half a year due to business suspension, shall be paid according to the actual sickness allowance or living expenses.

6. Employees who resign and seek self-employment: employees who leave their jobs and seek self-employment through agreement with enterprises shall be paid according to the average monthly salary of employees in Sichuan Province in the previous year.

7. Contract employees: For employees whose salary income cannot be accurately verified according to the contract, the monthly average salary of employees in Sichuan Province in the previous year shall be taken as the payment base.

8. Employees going abroad (abroad) or leaving the country: employees who work abroad, are sent abroad or seconded to other units, and are paid according to their actual monthly salary income.

9. Full-time learners: If the full-time learners dispatched by the enterprise retain labor relations and are paid by the enterprise, the actual monthly salary income will be used as the payment base. Full-time learners who have agreed with the enterprise to retain labor relations and the enterprise does not pay wages will be paid according to the average monthly salary before full-time study1February.

10. Employees with multiple basic old-age insurance relationships: if the insured establishes multiple basic old-age insurance relationships, the payment bases for repeatedly paying the basic old-age insurance premiums will be combined and calculated.

How to pay personal endowment insurance?

Individuals need to apply to the social security bureau where the household registration is located to purchase endowment insurance. Procedures include: my ID card, two recent bareheaded one-inch photos, insurance premium, application form and so on. And can only apply for pension and medical insurance.

I hope the above content can help you. If in doubt, please consult a professional lawyer.

Legal basis:

Article 16 of People's Republic of China (PRC) Social Insurance Law

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.