State pension insurance contribution regulations

Pension insurance is an important part of the social security system, and is one of the most important of the five major types of social insurance. The so-called old-age insurance (or old-age insurance system) is a social insurance system established by the state and society in accordance with certain laws and regulations to solve the basic livelihood of workers after they reach the labor age limit stipulated by the state for the discharge of their labor obligations, or withdraw from the workforce due to loss of labor capacity in old age. Pension insurance enterprise contribution regulations: the amount of contributions to calculate the basic pension insurance premiums by the enterprise and the individual employee *** with the burden: the enterprise according to the enterprise employees of the previous year's average monthly gross salary of 20% (some provinces and cities slightly adjusted), the individual employee according to their own previous year's average monthly salary income of 8%; urban individual industrial and commercial enterprises, flexibly employed persons and state-owned enterprises laid off workers to participate in the basic pension insurance in his or her personal capacity, in accordance with the provincial and municipal laws and regulations. Pension insurance, the province of the previous year's average social wage as the contribution base, the proportion of 20% of the basic pension insurance premiums. For example, in April 2010, Shaanxi Province announced that the average social wage of the province in 2009 was about 30,293 yuan, so the amount of 2010 contributions = 30,293 * 20% = 6,058.6 yuan. The contribution rate is divided into two categories: (a) enterprises contribute 20% of the total wages of their employees, and employees contribute 8% of the individual contribution base. (b) Individual workers, including self-employed businessmen and freelancers, contribute 20% of the contribution base, all at their own expense. If the contribution base of the employee's contribution wage is higher than 300% of the average social wage of the previous year in the province where he/she lives, 300% of the average social wage of the previous year in the province where he/she lives is the contribution base; if the employee's contribution wage is lower than 60% of the average social wage of the previous year in the province where he/she lives, 60% of the average social wage of the previous year in the province where he/she lives is the contribution base. Individuals to participate in the pension insurance to the local average social wage of the previous year as a certain percentage of the average social wage of on-the-job workers as a personal contribution base, can choose the grade for 60%, 80%, 100%, based on the current social wage increased year by year, taking into account the individual's ability to bear, some provinces and cities to increase the grade of 40%.

Article 12 of the Social Insurance Law, the employer shall pay the basic pension insurance premiums in accordance with the proportion of the total wages of the employees of the unit as stipulated by the state, and shall be credited to the Basic Pension Insurance Co-ordination Fund. Employees shall pay basic pension insurance premiums in accordance with the proportion of their own wages stipulated by the State and credited to their individual accounts. Individual business households without employees, part-time workers who do not participate in the basic pension insurance of the employer, and other flexibly employed persons to participate in the basic pension insurance shall pay the basic pension insurance premiums in accordance with the state regulations, which shall be credited to the basic pension insurance fund and individual account respectively.