How much is Bozhou endowment insurance for one month?

The monthly payment of old-age insurance in Bozhou city depends on the payment base and proportion selected by individuals. According to the regulations of Anhui Province, in 2023, the upper limit of individual contribution base of social insurance is 20094 yuan/month, and the lower limit is 40 19 yuan/month.

Specific to Bozhou City, the payment base of endowment insurance is determined according to the average monthly salary of employees in the previous year. If the average monthly salary of employees is lower than 60% of the average monthly salary of employees in full-caliber urban units, it shall be paid according to the proportion of 60%; If it is higher than 300%, it will be paid at 300%. Taking the average wage of employees in full-caliber urban units as 6386.9 1 yuan in 2022 as an example, the corresponding social insurance payment base has a lower limit of 3832 yuan and an upper limit of 19 160 yuan.

Encyclopedia of endowment insurance:

1, endowment insurance, the full name of social basic endowment insurance, is a social insurance system established by the state and society according to certain laws and regulations to terminate labor obligations for workers who reach the working age limit stipulated by the state or to retire from work because of old age.

2. Endowment insurance is an important part of social security system and one of the four most important social insurances. The purpose of endowment insurance is to protect the basic needs of the elderly and provide them with a stable and reliable source of life.

To sum up, the monthly payment amount of Bozhou endowment insurance varies according to the payment base and proportion selected by individuals, but it needs to be selected within the prescribed upper and lower limits.

Legal basis:

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

Article 12

Employees shall participate in the basic old-age insurance in accordance with state regulations, 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.