Proportion of basic old-age insurance payment

1, the basic old-age insurance premium is shared by the unit and the individual, and the proportion of the unit paying the basic old-age insurance premium generally does not exceed 20% of the total salary of the unit. The proportion of individuals paying the basic old-age insurance premium is 8% of their paid wages.

2. If the base of payment salary is lower than 60% of the average salary of local employees, the base of individual payment salary shall be calculated according to 60% of the average salary of local employees. The maximum wage base shall not exceed 300% of the average wage of local employees. However, the specific deposit base is determined according to the actual situation of each person in different places.

The proportion of basic old-age insurance payment is calculated according to the average salary of employees in the previous year. Under special circumstances, there are upper and lower limits. If my average monthly salary is lower than 60% of the local average monthly salary, I will pay 60% of the local average monthly salary; If it exceeds 300% of the average monthly salary of local employees, it will be paid according to 300% of the average monthly salary of local employees, and the excess will not be recorded in the base of payment salary or pension. Of course, the specific deposit base is determined according to the actual situation of each person's location.

Among them, the calculation method of endowment insurance pension payment base is:

Pension payment base = average annual salary of employees in the previous year;

Monthly pension payment base = average annual salary of employees in the previous year/12.

From April to June every year, the employer shall, according to the notice of the local social insurance agency, declare the payment base of the old-age insurance for its employees in the new year. Pension consists of basic pension and personal account pension. The higher the payment base, the higher the related parameter "average wage index" for calculating the basic pension, and the higher the corresponding basic pension; Personal accounts are gradually accumulated through payment over the years, and the accumulated amount of personal accounts is an integral part of calculating pensions. The employee shall pay 8% of his salary, which shall be included in his personal account. The higher the payment base, the more money will be transferred to personal accounts in proportion, the more savings will be accumulated and the higher the pension will be; On the contrary, the pension is low.

To sum up, the proportion of basic old-age insurance payment is calculated according to the average salary of employees in the previous year. If my monthly salary is lower than 60% of the local minimum wage, I can pay it directly according to the proportion of 60%. If it is too high, it will only be calculated according to 300%.

Legal basis:

Article 10 of People's Republic of China (PRC) 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.

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.

Article 16 of People's Republic of China (PRC) Social Insurance Law

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.