What is the pension base in Zhejiang Province?

The pension base in Zhejiang Province is determined according to the salary income of the insured in the previous year, which is 20% to 3 times of the average salary of employees in Zhejiang Province in the previous year. The specific base may vary according to industry, position and personal situation. To know the exact pension base, please consult the local social security department or employer. The pension base in other provinces may be different.

According to the relevant regulations of Zhejiang Province, the pension base refers to a specific amount selected by the insured within the scope of the payment base, which is used to calculate the payment and treatment of endowment insurance. The determination of pension base is based on the wage income of the insured.

Specifically, the pension base in Zhejiang Province is determined according to the salary income of the insured in the previous year. According to the regulations of Zhejiang Provincial Department of Human Resources and Social Security, the pension base range is adjusted according to the average wage level in Zhejiang Province. Under normal circumstances, the upper limit of the pension base is three times the average wage of employees in Zhejiang Province last year, and the lower limit is 20% of the average wage.

It should be noted that the specific pension base may vary according to different industries, positions and personal circumstances. For example, high-income workers may choose a higher pension base and low-income workers may choose a lower pension base.

If you need to know the specific pension base, please consult the local social security department or employer, and they will provide corresponding information and guidance according to your specific situation.

Please note that the above information only applies to Zhejiang Province, and the pension base in other regions may be different. If you are in other provinces, I suggest you consult the local social security department or relevant institutions to obtain accurate information.

The basic points of the endowment insurance system in Zhejiang Province include the following aspects. First of all, the object of endowment insurance in Zhejiang Province is mainly employees and individual industrial and commercial households working in Zhejiang Province. Secondly, the payment base of endowment insurance is determined according to the salary income of the insured, and the specific amount is adjusted by the provincial human resources and social departments according to the local economic situation and the average social wage level. In addition, the contribution ratio of endowment insurance is also formulated by the Provincial Department of Human Resources and Social Security, which is generally paid by employees and units. Pension payment standard is calculated according to the payment period and payment amount of the insured. With the increase of payment period, the proportion of pension payment will gradually increase. Finally, the endowment insurance system in Zhejiang province also includes flexible retirement policy and pension adjustment mechanism, aiming at protecting the pension benefits and rights of the insured.

Legal basis:

People's Republic of China (PRC) Social Insurance Law;

Chapter II Basic Endowment Insurance

Nineteenth individuals across the overall regional employment, the basic old-age insurance relationship with my transfer, the cumulative payment period. When an individual reaches the statutory retirement age, the basic pension is calculated in stages and distributed uniformly. Specific measures shall be formulated by the State Council.