Guangxi endowment insurance payment grade

Legal analysis: the monthly payment standard of social insurance is the lowest (40%), the first (60%), the second (80%) and the third (100%). Among them, the minimum payment amount is ***548.57 yuan: the first (60%) monthly payment amount is 692.37 yuan; The second installment (80%) monthly payment is 835.97 yuan; The monthly payment for the third tranche (100%) is 979.77 yuan. Old-age insurance, the full name of social basic old-age insurance, is a social insurance system established by the state and society according to certain laws and regulations for workers to reach the working age limit stipulated by the state to terminate their labor obligations or to retire from their jobs because of old age.

Endowment insurance is an important part of social security system and one of the five most important social insurances. The purpose of endowment insurance is to protect the basic needs of the elderly and provide them with a stable and reliable source of life.

Legal basis: Article 10 of the Social Insurance Law of People's Republic of China (PRC) * * * Employees shall participate in the basic old-age insurance, and both employers and employees shall pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.