Proportion of social security contributions in Jiangsu Province

1. What is the collection ratio of social insurance premiums in Jiangsu Province?

The proportion of social insurance contributions in Jiangsu Province is generally as follows:

① Endowment insurance: 20% for the unit and 8% for the individual;

② Medical insurance: 8% for units and 2% for individuals;

③ Unemployment insurance: 2% for employers and 0/%for individuals;

(4) Work-related injury insurance is entirely borne by the enterprise, at around 1%, and individuals do not need to pay it;

⑤ Maternity insurance is also borne by enterprises, which is about 1%, and individuals do not need to pay it.

Second, the proportion of social insurance contributions.

endowment insurance

1, the average monthly salary of employees in the year above the individual contribution is the base (the minimum number is 60% of the salary of employees in the whole city in the previous year; The highest figure is 8% of the city's employees' wages in the previous year.

2. The unit payment is paid according to 22% of the average monthly salary of the employee in the previous year. Ministry of Human Resources and Social Security adjusted the size of individual pension account from 1 1% of my salary to 8%. The previous policy was that individual contributions and 3% unit contributions were all included in individual pension accounts, and unit contributions 19% were transferred to social pooling, while the new policy also included 3% of unit contributions in social pooling to solve the problem of empty accounts in pension accounts.

medical insurance

The proportion of medical insurance payment (at least 60% of the employee's salary in the previous year): unit 10%, individual 2% 3 yuan;

unemployment insurance

Unit 1%, (town) individual 0.2%; Individuals (rural areas) do not pay.

employment injury insurance

According to the industry scope divided by the unit, the work injury rate is determined, and the work injury rate is between 0.5% and 2%;

maternity insurance

Payment ratio: 0.8% of the unit, and individuals do not pay.

Third, the calculation method

Taking the pension in social security as an example, the calculation formula of basic pension is as follows:

Basic pension = basic pension, personal account pension, transitional pension = the average monthly salary of employees in the whole city in the previous year before retirement ×20% (the payment period is less than 1515), the principal and interest of personal account and the indexed monthly average payment salary ×120+the payment period before the end of 0997 ×/kloc-0.

1, enterprise employees' basic pension = basic pension, personal account pension and transitional pension = the average monthly salary of employees in the whole city in the previous year before retirement ×20% (15 for those whose payment period is less than15), and the indexed monthly average payment salary× payment period × 1.

2. "Newcomer" basic pension = basic pension personal account pension. The basic pension is calculated and paid according to 20% of the average monthly salary of employees in this city in the previous year when I retire, and the personal account pension is calculated and paid according to the amount stored in my account divided by 120.

The payment base and compensation base of social insurance in China are linked to the average salary of last year. So the higher the average wage level, the better the welfare of social insurance. Moreover, in fact, the proportion paid by the unit is much higher than that paid by the individual, so social insurance can be said to be completely the welfare given by society to employees.

Legal basis:

Labor law of the people's Republic of China

Article 71 The level of social insurance should be compatible with the level of social and economic development and social affordability.

Article 72 The sources of social insurance funds shall be determined according to the types of insurance, and social pooling shall be gradually implemented. Employers and workers must participate in social insurance and pay social insurance premiums according to law.