Social Security Contribution Time for Flexible Employed Persons in Weihai

Legal analysis: Weihai City 2022 flexible employment personnel social security contributions will start in January 2022; 2022 flexible employment personnel basic pension insurance premiums can choose to pay monthly, quarterly, semi-annually or annually. Warm tips: in order to avoid the inconvenience of making up for the difference in base payment at a later stage, if they are not in urgent need of re-employment or retirement procedures, flexibly employed persons can wait until the average salary of the employed persons in full-caliber urban units in the province is announced before paying the pension insurance premiums.

For the retired, the pension is undoubtedly the main source of income in the future. Therefore, how much pension can get is closely related to the quality of life after retirement. The formula for calculating employee pension insurance is now standardized across the country: the pension consists of two parts: the "personal account pension" and the "basic account pension".

1. Individual account pension = individual account pension savings ÷ number of months (139 months).

This part depends mainly on the number of years of contributions, the more you pay, the more you save.

2. Basic pension = (average social wage + my indexed wage)/2* years of contribution*1%.

Person's indexed salary own salary/social average wage * average social wage at the time of retirement, so the basic pension = the average monthly salary of local employees on the job in the previous year (1 + the average contribution index of the person) / 2 * years of contribution * 1.

Legal basis: "The Chinese People's **** and the State Law on Social Insurance"

Article 2: The State establishes the basic old-age pension insurance, basic medical insurance, work injury insurance, unemployment insurance, maternity insurance and other social insurance systems to safeguard the right of citizens to receive material assistance from the State and society in old age, sickness, work injury, unemployment and maternity in accordance with the law.

Article 3 The social insurance system adheres to the policy of broad coverage, basic protection, multi-level and sustainability, and the level of social insurance shall be commensurate with the level of economic and social development.