Payment Grade of Employee Endowment Insurance in Baotou City

Payment grade of employee pension insurance: the first (60%) monthly payment is 692.37 yuan; The second (80%) monthly payment is 835.97 yuan; The monthly payment for the third gear (100%) is 979.77 yuan. Endowment insurance is a social insurance system established by the state and society according to certain laws and regulations to solve the problem that workers reach the working age limit stipulated by the state to terminate their labor obligations or quit their jobs because of old age. Article 10 of the 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.