What is the pension contribution ratio?

The proportion of pension payment units and individuals is as follows:

1. Payment of endowment insurance for urban employees: the base of the basic endowment insurance premium paid by the insured person is his average monthly income in the previous year, with the individual contribution ratio of 8% and the unit contribution ratio of 20%;

2. Payment of endowment insurance for urban and rural residents: Generally, multiple grades will be given, and the insured can choose one of the payment grades to pay the premium, and the more they pay, the more they pay.

3. Payment of endowment insurance for flexible employees: Generally speaking, the premium is paid according to any integer between 60% and 300% of the average monthly salary of employees in full-caliber urban units in the previous year, and the payment ratio is 20%.

Whether the endowment insurance and medical insurance in social security can be paid separately depends on the situation, as follows:

1. If you are a flexible employee and participate in flexible employment social security, you choose to pay for it yourself because there is no stable social security payment institution. In some places, flexible employment pension and medical care are not allowed to be paid separately, and in some places, flexible employment pension and medical care can be paid separately;

2. If it is social security for urban and rural residents, urban and rural residents' pension and medical care can be paid separately, or they can be insured separately, or both of them can be insured, or they can be combined with flexible employment social security;

3. If it is employee social security, the social security shall be paid by the unit. According to the regulations, the employer shall pay basic old-age insurance, basic medical insurance, unemployment insurance, maternity insurance and work-related injury insurance for its employees. During the normal employment of employees in the employer, pension and medical care cannot be paid separately, and they need to be paid at the same time.

To sum up, employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights and interests records, and require social insurance agencies to provide social insurance consulting and other related services; Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Legal basis:

Article 15 of the Social Insurance Law of People's Republic of China (PRC)

The basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.