What is the pension insurance base in Fushun in 2017

The Fushun pension insurance base in 2017 is:

1. The minimum contribution base is 2280.552 yuan.

2. The maximum contribution base is 11402.76.

The contribution base for employees participating in basic pension insurance, unemployment insurance, work injury insurance and maternity insurance is determined according to the average annual salary of on-the-job employees in Fushun City in 2016 (45,611.04 yuan). According to the regulations, the minimum contribution base for active employees in 2017 is 60% of the average annual salary of in-service employees in Fushun City in 2016 (45611.04 yuan), i.e., 2,280.552 yuan/month (45611.04 ÷ 12 × 60%), and the maximum contribution base is 300% of the average annual salary of in-service employees in Fushun City in 2017 (45611.04 yuan), i.e. 11402.76 Yuan/month (45611.04 ÷ 12 × 300%), and the part higher than 300% will not be counted in the contribution base.

Expanded Information:

Pension Insurance Base Determination Determination: The approved contribution base is based on the average social wage of the employees in the previous year in Hebei Province (referred to as the provincial average wage). Annual average social wage of employees (referred to as the provincial social wage) as a benchmark.

(a) Enterprise employees whose wages are less than 60% of the provincial social average wage, according to 60% of the approved contribution base; higher than 60% of the provincial social average wage, according to the actual wages approved contribution base, but the maximum shall not be higher than 300% of the provincial social average wage.

(2) Individual workers can independently determine the contribution base within the range of above to 300% of the provincial social wage.

Calculation of pension insurance:

(i) Enterprise contribution = total approved enterprise employee salary x 20%; individual employee contribution = approved contribution base x 8% (currently 8%) = total individual employee salary x 60% to 300% x 8%.

(ii) Individual workers (including individual industrial and commercial households and freelancers) contribution amount = approved contribution base × 18%. For example, the 2002 provincial social wage announced by Hebei Province in April 2003 was 747 yuan per month, so the contribution base can be chosen independently between 747-2241 yuan (i.e., 100%-300% of the provincial social wage of 747 yuan per month). The minimum contribution amount for the whole year is: 747×18%×12=1613.5 yuan, and the maximum is: 2241×18%×12=4840.6 yuan.

Baidu Encyclopedia - Pension Insurance Standard

Fushun Human Resources and Social Security Bureau - Trouble Consulting Fushun City Employees 2016