Proportion of endowment insurance payment in institutions of Hubei Province

1, unit contribution ratio: 20% (some cities 19%), individual contribution ratio: 8% payment base: 60% of the average salary of employees in the previous year is the lower limit, and 300% is the upper limit as the payment base of endowment insurance.

2, the implementation of social pooling and personal accounts combined with the basic old-age insurance system.

3, the basic old-age insurance premium is shared by the unit and individual.

4. The proportion of the unit paying the basic old-age insurance premium is 20% of the total wages of the unit (the specific policies are subject to the provisions of various provinces and cities), and the proportion of the individual paying the basic old-age insurance premium is 8% of the salary paid by himself, which is withheld and remitted by the unit.

5. Establish a personal account for basic old-age insurance according to the amount of 8% of my salary, all of which are formed by individual contributions.

6, personal wages more than 300% of the local average wage of workers last year, not included in the individual payment base; If it is lower than 60% of the average salary of local employees in the previous year, the base of individual payment salary shall be calculated according to 60% of the average salary of local employees.

7. Extended information: The old-age insurance standard refers to a standardized specification, which clearly stipulates the calculation method and payment ratio of old-age insurance.

8, calculation method (a) the amount of enterprise contributions = approved total wages of enterprise employees × 20%; Individual contributions of employees = approved payment base ×8% (currently 8%)= total wages of employees ×60%~300%×8%.

9.(2) Payment amount of individual workers (including individual industrial and commercial households and freelancers) = approved payment base × 18%.

10 For example, in April 2003, Hebei Province announced that the average social wage in the whole province in 2002 was 747 yuan per month, so the payment base can be chosen between 747-224 1 yuan (that is, 100%-300% of the average social wage in the whole province per month).

1 1. The minimum annual payment is: 747×18 %×12 =1613.5 yuan, and the maximum is: 224/kloc-0 /×/kloc-.

12, the proportion of payment is divided into two categories: enterprises and individual employees: (1) All enterprises pay 20% of the total wages of employees, and employees pay 7% of the individual contribution base (in 2003, it was 7%, which increased by one percentage point in two years and eventually reached 8%).

13. Individual contributions of employees shall be withheld and remitted by enterprises.

14, (2) individual workers, including individual industrial and commercial households and freelancers, pay the base of 18%, all of which shall be borne by myself.

15, the radix is determined. The approved payment base is based on the average social wage of employees in Hebei Province last year (referred to as the provincial social wage).

16, (1) If the wage income of enterprise employees is lower than 60% of the social wage of the whole province, the payment base shall be approved at 60%; If it is higher than 60% of the provincial social wage, the payment base shall be approved according to the actual wage income, but it shall not be higher than 300% of the provincial social wage.

17, (2) Individual workers can independently determine the payment base within the range of more than 300% of the provincial social wage.

18. Payment of old-age insurance According to the provisions of relevant social security laws and regulations, payers who meet the social security premium payment and wholesale payment policies can apply to the social security department for payment and wholesale payment procedures.

19. If the payer (person) applies for supplementary payment and wholesale payment business, he shall first go through the relevant procedures for supplementary payment and wholesale payment at the social security department. After the social security department successfully handles the relevant business, the payer (person) shall pay the fee to the competent tax authority within five working days with the overdue notice issued by the social security department.