The Social Insurance Law stipulates that employees should participate in the basic old-age insurance, and employers and employees () should pay the basic old-age pension.

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.

Employees should participate in the basic old-age insurance, and the employer and employees should jointly pay the basic old-age insurance premium: enterprises should pay 20% of the total average monthly salary of employees in the previous year, and individual employees should pay 8% of the average monthly salary of employees in the previous year. The unit is responsible for the insurance and withholding the personal part, and the unit pays the unit part.

The base of social security payment determines the amount of pension. Pension needs to be calculated according to the amount of account storage, and the amount of account storage is affected by the payment base. Insurance payment base: that is, the social security payment base, which is not equal to salary, depends on the social security payment policy of the enterprise. Pension calculation formula: enterprise employee pension fund pension personal account pension personal account pension off-the-job personal account storage amount/number of months corresponding to my retirement age, my average wage index, insurer payment base/average salary of last year. Last year, the average monthly wage of employees in the province: the average social wage announced by the Statistics Bureau every year.

To sum up, the answers are all related to social insurance. I hope these answers can help you

Legal basis:

Article 10 of the Social Insurance Law, employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium: enterprises shall pay 20% of the total average monthly salary of employees in the previous year, and individual employees shall pay 8% of the average monthly salary of employees in the previous year. The unit is responsible for the insurance and withholding the personal part, and the unit pays the unit part.