What is the difference between 60% and 100% contribution pension?

According to 60% and 100%, the gap is different in different regions, different retirement ages and different payment years, but the general principle is to pay more, pay more for a long time, pay according to 100% and 60%, and pay by the same person under the same payment years. The gap between pensions is probably.

The difference between old-age insurance 60% and 100% is as follows:

1, difference in payment base: 100% and 60% of the pension contributions are based on the local average social wage in the previous year according to the provisions of the old-age insurance system for urban workers. The approved payment base can be 60%-300% of the local average social wage in the previous year when the company participates in the insurance, and 60%-65433 when the individual participates in the insurance.

2. The expenditure of payment is different: 1.000% payment of pension means full payment of pension, which is not great for personal influence, because individuals only pay 8%, and the key lies in the amount paid by the unit, because the amount paid by the unit accounts for 20%. In this case, the burden of the unit will be very heavy, and the pension paid according to 60% will also be reduced because of the reduction of the payment base;

3. The difference between receiving a pension after retirement:

Retirement pension is calculated according to: basic pension plus personal account pension, and the basic pension is closely related to the local average wage, payment period and payment base. The higher the payment standard, the longer the payment time, the more the total amount in the personal account, and the more pensions you receive after retirement.

To sum up, at the same time, the more premiums need to be paid every year. Choose 100% grade or 60% grade? In fact, it should be judged according to different situations. Because social security follows the principle of paying more and getting more, the grade of 100% is naturally selected, but the grade of 60% is more cost-effective and more suitable for low-income workers. Therefore, if flexible employees need to bear all the premiums themselves, it is recommended to choose 60% file. If they work in a company, most of the premiums are paid by the company, so of course the higher the grade, the better.

Legal basis:

Article 10 of People's Republic of China (PRC) Social Insurance Law

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.