How to calculate the social security spending formula

How much social security payment is based on the local social wage last year, and every year is not the same. For example, last year's social wage of 20,000 yuan in A, then the amount of pension insurance contributions for 20,000 × 20% = 4,000 or so / year, medical for 20,000 × 10% = 2,000 or so / year. Of course, it is directly reflected in their actual income as a base for calculating how much to pay, salary adjustment, the payment base will need to be adjusted. In addition, also provides for the lowest and highest grade, the lowest grade of the payment shall not be less than 60% of the average monthly salary of social workers, the highest grade for the average monthly salary of 300% of the workers. The minimum grade is usually the majority.

The Social Insurance Law of the People's Republic of China Article 12 The employer shall pay the basic pension insurance premiums in accordance with the proportion of the total wages of the employees of the organization as stipulated by the State, and credit them to the basic pension insurance fund. Employees shall pay basic pension insurance premiums in the proportion of their own wages as prescribed by the State, and such premiums shall be credited to their individual accounts. Individual business households without employees, part-time workers who do not participate in the basic pension insurance in the employer and other flexible employment to participate in the basic pension insurance, should pay the basic pension insurance premiums in accordance with the state regulations, respectively, credited to the basic pension insurance fund and individual accounts.