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Social security transfer-out and transfer-in process
Pension insurance payment ratio and base:
1, payment base: upper limit 14958 yuan, lower limit 2408 yuan;
2. Social basic old-age insurance (enterprise): the unit contribution ratio is 1 1%, and the individual contribution ratio is 8%;
3. Local endowment insurance: the unit contribution rate is 3%, and individuals do not have to pay.
Legal basis: People's Republic of China (PRC) Labor Law.
Article 70 The state develops social insurance undertakings and establishes social insurance systems and social insurance funds, so that workers can get help and compensation in old age, illness, work injury, unemployment and childbirth.
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.
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