What is the social security calculation formula?

Social Security Knowledge Morning Post: How much do social security individuals pay? Everyone should know that social security contributions are paid jointly by individuals and enterprises, some by themselves and some by companies. So how much do specific social security individuals have to pay? Let's take a look at this today, hoping to help everyone. Calculation formula: individual social security contribution amount = individual social security contribution base * individual society ... Want to know more social security calculation formula, let's take a look.

I. Calculation formula:

Individual social security contribution amount = individual social security contribution base * individual social security contribution ratio

Company social security contribution amount = company social security contribution base * company social security contribution ratio

Above, we introduced the relevant knowledge of social security contribution ratio. The following focuses on the relevant payment base of "how much social security individuals pay and how much companies pay".

The payment bases of five social insurance units for urban workers' basic pension, basic medical care, unemployment, work injury and maternity are the sum of the individual payment bases of their own employees, and the individual payment base of their own employees is their average monthly salary in the previous year.

If the wage income of employees is higher than 300% of the local average wage of employees in the previous year, 300% of the local average wage of employees in the previous year shall be the payment base;

If the wage income of employees is lower than 60% of the local average wage of employees in the previous year, 60% of the local average wage of employees in the previous year shall be the base of payment;

If the wages of employees are between 300% and 60%, they shall be declared according to the facts. When it is impossible to determine the wage income of employees, the payment base shall be determined according to the local average wage of employees in the previous year published by the local labor administrative department.

Second, how much does the social security individual pay? Generally speaking, the ratio of social security individuals to companies is as follows:

Endowment insurance: 20% for units and 8% for individuals;

Medical insurance: unit 10%, individual 2%;

Unemployment insurance: unit 1%, individual 0.2%;

Maternity insurance: 0.8% is fully borne by the unit, and individuals do not pay;

Work-related injury insurance: the unit shall bear 0.5%- 1.6%, and the individual shall not pay.

Because the per capita income varies from place to place, provinces and cities bear different proportions. You can consult the local social security bureau for details.