How to calculate the company's withholding pension insurance

The basic old-age insurance premium paid by urban workers shall be withheld and remitted by the enterprise from the employee's own salary. The standard of withholding and remitting is: based on the average monthly salary of employees in this city last year, the basic old-age insurance premium is paid at the rate of 8%, and the full amount is included in the personal account.

If the salary base of employees is lower than 60% (40% in some places) of the average monthly salary of employees in this province (city) last year, 60% (or 40%) of the average monthly salary of employees in this province (city) will be taken as the salary base; More than 300% of the average monthly salary of employees in this Municipality last year is not included in the base of payment salary, and is not used as the base of basic pension.

Enterprise endowment insurance refers to a kind of social security that the state raises funds through various channels through legislation, and gives economic compensation to workers when their income in old age decreases, so that they can enjoy basic living security. The contribution of enterprise endowment insurance is mainly borne by units and individuals, of which the contribution rate borne by the employer is 16%, which is included in the overall fund account and 8% is included in the personal account. The unit is responsible for the insurance, and the individual part is withheld. The social security payment base is calculated according to the average monthly salary of employees in the previous year. The upper limit is 300% of the average monthly salary of employees in last year, and the lower limit is 60%.

Pension conditions and benefits

1, collection terms

I have reached the legal retirement age and gone through the retirement formalities;

(2) Units and individuals shall participate in the basic old-age insurance according to law and fulfill their payment obligations;

(3) The individual's cumulative payment time reaches 15 years (note: if the payment of the old-age insurance is interrupted, the payment can be continued or paid in one lump sum to 15 years, and the relevant benefits of the old-age insurance can be enjoyed).

2. Enjoy treatment

(a) to receive the basic pension according to the regulations on a monthly basis until death;

② Enjoy the normal adjustment of basic pension;

③ Socialized management services for enterprise retirees;

(4) Death treatment, mainly including: funeral expenses (calculated according to the salary of the provincial people's society for 3 months in the previous year) and one-time pension (calculated according to the salary of the provincial people's society for 10 month in the previous year);

⑤ The living difficulties subsidies for the immediate family members who meet the supporting conditions are paid monthly until the immediate family members who support them die.

To sum up, in terms of pensions, the payment period is actually more important, and the role of payment grades is relatively small, but it is also worth noting. At the same time, the payment base, payment ratio and upper and lower limits may be different in different regions. Please consult the local social security center for details, subject to local regulations.

Legal basis:

Article 11 of the Social Insurance Law of People's Republic of China (PRC)

The basic old-age insurance combines social pooling with individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.