Is it appropriate to pay 300% of social security?

It's appropriate, especially when you're old and have no one to depend on and can't work, but if you pay more now, you'll get more in the future.

Individual contributions are based on 8% of the employee's average monthly salary for the previous year (the lowest figure is 60% of the city's employee salary for the previous year; the highest figure is 300% of the city's employee salary for the previous year).

Unit contributions are based on 22% of the employee's average monthly salary for the previous year. since January 1, 2006, the Ministry of Human Resources and Social Security has adjusted the size of the individual pension account from 11% of the employee's salary to 8%.

Finally, the pension adjustment after retirement does not reflect the difference between 300% contribution and 60% contribution. At present, retiree pensions have realized 16 consecutive increases, but in the adjustment of pensions, in addition to the fixed amount of adjustment, the adjustment is partially linked to the number of years of contributions, rather than the contribution base . The flat-rate adjustment standard is the same regardless of whether contributions are made at 300% or 60%; when the adjustment is pegged, it is mainly adjusted according to the number of years of contributions. If you contribute according to 60%, the number of years of contribution is higher than according to 300%, the pension adjustment has more advantages. Generally speaking, according to 60%, the contribution input is relatively small, of course, the pension is relatively low, but there is a certain advantage in the calculation of the basic pension, and there is also a relatively large advantage in the adjustment of the pension after retirement.

Social security to pay 60% and 100% of the difference is as follows:

1, the difference in the contribution base:

Pension payment of 100% and payment of 60%, in accordance with the provisions of the pension insurance system for urban workers, is the previous year the local average social wage as the basis for the approved contribution base, in the unit of the unit of participation in the insurance of its approved base can be according to the local average social wage of the previous year 60%-300% of the local average social wage, to personal insurance, can be 60% to 100% of the previous year's average social wage approved.

2, the contribution of different expenditures:

100% of the payment of pensions is the meaning of full payment of pensions, the impact on the individual is not great, because the individual to pay only 8%, the key lies in the amount of the unit to pay, because the amount of the unit to pay accounted for 20%, in which case the burden of the unit will be very heavy,

According to the 60% of the payment of pensions due to the contributions base falls, the contribution expenditure also falls.

3, after retirement to receive the pension is different:

Retirement pension is in accordance with: the basic pension plus personal account pension calculation, the basic pension and the local is the average social wage, the number of years of contributions and the contribution base is closely related.

The higher the contribution standard and the longer the contribution period, the more the total amount on the personal account will be, and the more the pension will be after retirement.

I hope the above can help you, if you have other questions please consult a professional lawyer.

Legal basis: "Chinese People's **** and State Social Insurance Law"

Article 12 of the employer shall pay the basic pension insurance premiums in accordance with the proportion of the total wages of the employees of the unit as stipulated by the State, and shall be credited to the basic pension insurance fund.

Employees shall pay basic pension insurance contributions in proportion to their own wages as prescribed by the State, which shall be credited to their individual accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in basic pension insurance with their employers, and other flexibly employed persons who participate in basic pension insurance shall pay basic pension insurance premiums in accordance with the State regulations, which shall be credited to the basic pension insurance general fund and individual accounts respectively.

Article 60 Employers shall declare themselves and pay social insurance premiums in full and on time, and shall not defer or reduce them except for force majeure and other legal reasons. Employees shall pay social insurance premiums by the employer withholding, the employer shall inform the person of the details of the payment of social insurance premiums on a monthly basis.

Individual entrepreneurs without employees, part-time workers who do not participate in social insurance with their employers, and other flexibly employed persons may pay social insurance premiums directly to the social insurance premium collection organization.