Hubei Macheng Social Security Payment Standard

Paying 60% of the endowment insurance premium is the base of endowment insurance.

1. Employees shall participate in the basic old-age insurance, and both employers and employees shall pay the basic old-age insurance premium. Generally speaking, the endowment insurance is 20% for the unit and 8% for the individual.

Second, although the cumulative payment period is above 10 or 15, and I have reached the legal retirement age, I can enjoy pension benefits, but the longer the payment period, the more the payment amount, and the more the future pension, and vice versa.

Third, the calculation of the pension level of old-age insurance depends largely on the size of your personal contribution base. Under the same conditions (payment time, retirement age and the same type of work), the pension paid at 100 is definitely more than that at 60. The basic definition of endowment insurance Endowment insurance is a social insurance system established by the state according to the relevant laws and regulations to ensure the basic life of workers who reach the working age limit stipulated by the state, terminate their labor obligations or quit their jobs because they are too old to work. The purpose is to ensure the basic needs of the elderly through social insurance and provide them with a stable and reliable source of life. Old-age insurance will take effect automatically after the elderly within the legal scope "completely" or "basically" withdraw from social labor life. The so-called completeness is manifested in the separation of workers and means of production; The so-called basic means that participation in production activities has not become the main content of social life. The legal age limit is a practical measure. At the same time, the insured can only meet the following two conditions: (1) meeting the retirement conditions stipulated by the state and handling relevant procedures; According to the provisions of the basic old-age insurance premium accumulated payment period of 15, approved by the administrative department of labor and social security, can receive a monthly basic pension and funeral subsidies. The basic old-age insurance premium is paid by enterprises and insured persons according to different payment ratios. Take the proportion of old-age insurance payment in Beijing as an example: enterprises pay according to 19 of the total payment base every month, and employees pay according to 8 of their wages. The basic function of old-age insurance is based on the living security of the elderly, and an insurance fund is established through redistribution or savings to pay the living expenses of the elderly. Its implementation is useful: it is conducive to ensuring the reproduction of labor. Through the establishment of the old-age insurance system, it is conducive to the normal intergenerational replacement of the labor force, the elderly are provided with a sense of security, and the newly increased labor force is successfully employed, ensuring the rationalization of the employment structure. Social security and stable old-age insurance provide basic living security for the elderly and make them feel safe. With the arrival of the aging population, the proportion of the elderly population is increasing and the number is increasing. Old-age insurance guarantees the basic life of elderly workers, which is equivalent to ensuring the basic life of a considerable number of people in society.