Calculation formula of social security payment in 2023

The social security calculation formula is that the social security payment amount is equal to the payment base multiplied by the payment ratio. Social security payment is the social endowment insurance, medical insurance and unemployment insurance in individual social security, which are paid jointly by the labor department and employees.

The expenses of industrial injury insurance and maternity insurance are all borne by the labor department, and individuals do not have to pay related expenses. The social insurance payment base is an important basis for calculating the social insurance premiums and social insurance benefits paid by employers and their employees, and there are upper and lower limits.

The collection and payment of social insurance premiums should be based on a unified payment base and collected in the same form according to different proportions of various types of insurance. The payment verification method is to verify the amount of payment that should be paid in the current month. The employer goes through the relevant declaration procedures in the social insurance agency in the current month, and the local tax department collects social insurance premiums in the next month by bank transfer.

Introduction to social security:

Social security includes: old-age insurance, medical insurance, maternity insurance, unemployment insurance and industrial injury insurance.

1, endowment insurance.

You can get a pension after retirement. By the unit and the worker * * * with payment, pay more after the old-age insurance, pay more after the old-age insurance. After the accumulated payment has reached 15 years (it doesn't matter if it is interrupted), you can apply for retirement and receive a pension when you reach retirement age.

2. Medical insurance.

Sick medical expenses can be reimbursed, and the unit and employees pay the same fee. After a certain number of years of accumulated medical insurance (25 years for men and 20 years for women in most cities), they can enjoy lifelong medical insurance benefits without continuing to pay fees after retirement.

3. Maternity insurance.

When a woman gives birth, she can reimburse the medical expenses incurred during childbirth, and she can also receive maternity allowance during maternity leave, which is paid by the unit and does not belong to individual employees.

4. Unemployment insurance.

If you can get compensation after being forced out of work, the expenses paid by the unit and the employees are the same (the unit employs contract workers of farmers and herdsmen, but I don't pay unemployment insurance premium).

5. Work injury insurance.

You can get compensation after a work-related injury, and the compensation is paid by the unit, not the individual employee.

To sum up, it is Bian Xiao's answer to the calculation formula of social security payment in 2023, hoping to help you.

Legal basis:

Social insurance law

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.