What procedures does Shenyang Company need to go through to pay endowment insurance for its employees?

Shenyang units need 4 copies of ID cards, 4 one-inch photos, and copies of the first page and my page of the household registration book to handle employee pension 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, as long as the cumulative payment period is above 10 or 15, and you reach the statutory retirement age, you can enjoy pension benefits. However, the longer the payment period, the more the payment amount and the more future pensions, and vice versa.