Guangdong rural endowment insurance payment standard

The deadline for payment of pension insurance for urban and rural residents in Guangzhou in 2020, the proportion of pension insurance payment base for urban and rural residents in Guangzhou in 2020, the payment grade of pension insurance in Guangzhou, the payment standard of pension insurance in Guangzhou and the subsidy standard of pension insurance are calculated.

In 2020, the payment standard of social endowment insurance for urban and rural residents in Guangdong Province is: the individual payment standard is set at 120 yuan, 240 yuan, 360 yuan, 480 yuan, 600 yuan, 960 yuan, 1200 yuan, 1800 yuan, 2,400 yuan and 3,600 yuan per year.

Legal basis:

People's Republic of China (PRC) social insurance law

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government. When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.