Minimum payment standard of endowment insurance in Huaibei city

The minimum payment standard of Huaibei old-age insurance is linked to the local minimum wage and calculated on a monthly basis. As of 202 1, the minimum old-age insurance payment standard in Huaibei is 204 yuan per person per month.

The minimum payment standard of old-age insurance in Huaibei City is based on national policies and linked to the local minimum wage. According to the latest information released by Huaibei Human Resources and Social Security Bureau, the minimum payment standard of old-age insurance in Huaibei in 20021year is 204 yuan per person per month. Specifically, the unit should calculate and pay the endowment insurance fee according to the greater value between the actual salary of employees and the monthly minimum wage standard. In addition, Huaibei City also provides some objects that can enjoy old-age insurance relief, such as enterprises-driven people with employment difficulties and the disabled. These objects can apply for corresponding preferential policies on the premise of complying with relevant regulations. It should be noted that the minimum payment standard of endowment insurance in Huaibei City may be adjusted due to changes in national and local policies. Please consult the local human resources and social security bureau for details.

Is there an upper limit for the payment base of endowment insurance in Huaibei City? If the employee's salary exceeds the maximum payment base, do you still need to continue to pay endowment insurance? Huaibei's endowment insurance payment base has an upper limit, and the specific standards can be inquired in the local human resources and social security bureau. For employees whose wages exceed the maximum payment base, according to the national policy, there is no need to continue to pay endowment insurance.

The minimum payment standard of endowment insurance in Huaibei City is linked to the local minimum wage in accordance with national and local policies. For employees and units, paying endowment insurance is a very important safeguard measure, which can provide economic security for employees after retirement and effectively reduce the social burden.

Legal basis:

Seventh enterprises, institutions, government agencies and institutions shall, in accordance with the provisions of the administrative department of human resources and social security of the State Council, pay the basic old-age insurance premiums for employees participating in the old-age insurance on a monthly basis.