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How to calculate the payment of social security and medical insurance in Shengli Oilfield
The monthly medical insurance premium is based on salary, and the unit payment amount is: payment salary ×7.5%, and individual payment: payment salary ×2% (this is the medical insurance premium deducted from your salary every month).
The calculation formula of five insurances and one gold is:
Endowment insurance = payment base ×8% (individual contribution ratio)+payment base ×20% (unit contribution ratio)
Medical insurance = payment base ×2% (individual contribution ratio)+payment base × 12% (unit contribution ratio)
Other social security projects and housing provident fund can also be calculated according to the above formula, in which the base of five insurances and one gold payment is calculated according to the average salary of employees in the previous year.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.
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