What is the ratio of social security to pension?

The individual contribution rate of social security pension is 8%, but it can be different in different cities, and there is no uniform provision in law. You can consult the local social security department for details, and employees should pay the endowment insurance premium according to the prescribed procedures and standards.

1. What is the proportion of individual contributions in social security pension?

There is no uniform law, generally 8%. China's basic old-age insurance premiums are shared by enterprises and employees: enterprises pay a certain proportion of the total average monthly salary of employees in the previous year (19% in Beijing, which may be different in other cities), and employees pay a certain proportion of the average monthly salary of employees in the previous year (generally 8%). Urban individual industrial and commercial households, flexible employees and laid-off workers from state-owned enterprises who participate in the basic old-age insurance in their personal capacity shall pay the basic old-age insurance premium at a rate of 20% based on the average social wage in the province where they are located, and all of them shall be borne by themselves.

Second, what is the legal effect of endowment insurance?

First, national legislation is mandatory, and all enterprises, units and individuals must participate. Those who meet the conditions for receiving a pension can go to the social insurance department to receive a pension.

Second, the source of endowment insurance expenses is generally shared by the state, units and individuals, or by units and individuals to achieve extensive social mutual assistance.

Third, the old-age insurance is social, with great influence, large number of people enjoying it for a long time and huge cost. Therefore, it is necessary to set up specialized agencies to implement unified planning and management of modernization, specialization and socialization.

Through the establishment of the old-age insurance system, it is conducive to the replacement of old and new, and the rationalization of employment structure; Providing the elderly with basic living security and a sense of security is an important measure to deal with the aging population and is conducive to social stability; It can inspire young people to forge ahead, raise wages, provide security for their retirement and help promote economic development from the side. The problem of providing for the aged is not only a social problem, but also a global problem, which is related to the economic and civilized development of a country or society and needs our sufficient attention. Because the old-age insurance is implemented in a wide range, the insured enjoys treatment for a long time and the cost is huge, therefore, the government must set up special institutions to unify legislation, formulate rules, manage and implement in the whole society.

The specific payment standards and benefits of social security pension are implemented by the local government according to the relevant policies and regulations promulgated by the state, especially the payment ratio is also determined according to the basic salary of the parties. If you have any objection to the specific situation, you can consult the social security department for handling.