How do college graduates pay endowment insurance?

Work hard when you are young, so that you can have a good life guarantee in your later years. In addition, you should also pay endowment insurance, so that you can receive endowment insurance after retirement, so that your future life will be more secure. So, how do college graduates pay endowment insurance? Let's take a look together. First, how do college graduates pay endowment insurance

After college graduates join the work, the unit will buy social security, including endowment insurance.

Two, the calculation method of social endowment insurance payment

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

2, individual workers (including individual industrial and commercial households and freelancers) payment = approved payment base x18%. For example, in April 2003, Hebei Province announced that the social wage of the province in 2002 was 747 yuan per month, so the payment base can be selected between 747-224 1 yuan (that is, 100%-300% of the provincial social wage of 747 yuan per month). The minimum annual payment is 747×18 %×12 =1613.5 yuan, and the maximum is 2241×18 %×12.

Third, the role of endowment insurance.

Endowment insurance is based on the living security of the elderly, and an insurance fund is established through redistribution or savings to pay the living expenses of the elderly. Its implementation has the following functions:

1, which is conducive to ensuring labor reproduction.

The establishment of the old-age insurance system is conducive to the normal intergenerational replacement of the labor force, the retirement of the elderly, the smooth employment of the newly growing labor force and the rationalization of the employment structure.

2, conducive to social security and stability.

Endowment insurance provides basic living security for the elderly and makes them feel safe. With the arrival of the aging population, the proportion of the elderly population is increasing and the number is increasing. Old-age insurance guarantees the basic life of elderly workers, which is equivalent to ensuring the basic life of a considerable number of people in society. For on-the-job employees, participating in endowment insurance means that they have expectations for their future old-age life and are free from worries. In terms of social mentality, more people are stable and less impetuous, which is conducive to social stability.

3. It is conducive to promoting economic development.

The pension insurance system designed by many countries links fairness with efficiency, especially the partial accumulation and complete accumulation pension fund raising model. The amount of pension received by workers after retirement is directly related to their wage income and payment during their on-the-job work, which can undoubtedly stimulate workers to work actively during their on-the-job work and improve efficiency.

The above is a detailed introduction about how college graduates pay endowment insurance. College graduates will take up jobs after graduation. According to the national regulations, the employer will buy social insurance such as endowment insurance for the workers, and the part paid by the employees will be directly deducted from the salary.