How much does the endowment insurance company pay?

1. How much does the pension insurance company pay?

Pension insurance companies generally pay 20%. There are two conditions for receiving pension insurance benefits: you must reach the statutory retirement age and the payment period must reach 15 years or more.

The proportion of social security contributions consists of individual contributions and unit contributions. The provisions of social security contributions vary from region to region, and the base is the total wages. Because the payment base and compensation base of the five major social insurance types, such as pension, work injury, medical care, maternity and unemployment, are all linked to the average salary of employees on the job last year, the increase of the average salary level will bring about the adjustment of various social insurance types.

Second, the endowment insurance related knowledge

Old-age insurance, the full name of social basic old-age insurance, is a social insurance system established by the state and society in accordance with certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age.

Endowment insurance is an important part of social security system and one of the five most important social insurances. The purpose of endowment insurance is to protect the basic needs of the elderly and provide them with a stable and reliable source of life.

The endowment insurance in China consists of four levels (or parts). The first level is basic old-age insurance, the second level is enterprise supplementary old-age insurance, the third level is personal savings old-age insurance, and the fourth level is commercial old-age insurance. In this multi-level old-age insurance system, the basic old-age insurance is the first and highest level.

Three, about the retirement pension system of government agencies and institutions

At present, the staff of state organs and institutions implement a retirement pension system different from that of enterprises.

The institutional framework is: the cost of endowment insurance is borne by the state or unit, and individuals do not pay; The funds are paid on a pay-as-you-go basis, and the units do not adjust each other; Pension standard is based on my salary, according to calculate length. Among them, the basic salary and seniority salary of civil servants in state organs are paid in full after retirement, and the post salary and grade salary are paid in proportion; After retirement, the staff of public institutions will be paid according to a certain proportion of the sum of basic salary and post salary.

The current retirement system of government agencies and institutions has played an important role in ensuring the life of retirees and maintaining social stability.

If you start your own business or have no job, you can also buy old-age insurance, but you have to bear the expenses yourself.

legal ground

People's Republic of China (PRC) social insurance law

Article 10 stipulates that employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.