The difference between 60% of social security contributions and 100%.

The main differences between 60% and 100% social security contributions are the payment amount, personal account accumulation, future pension benefits and personal economic burden.

Choosing 60% payment level means that individuals or units need to pay relatively low social security fees, while choosing 100% payment level needs to pay higher fees. This is because the higher the payment ratio, the greater the corresponding payment amount.

General social security payment base:

The social security payment base is generally based on my salary income in the previous year.

1. If the wage income of employees is higher than 300% of the local average wage of employees in the previous year, 300% of the local average wage of employees in the previous year will be the payment base;

2. If the wage income of employees is lower than 60% of the local average wage of employees in the previous year, 60% of the local average wage of employees in the previous year shall be the payment base;

3, the employee's salary is between 300% and 60%, according to the actual declaration. When it is impossible to determine the wage income of employees, the payment base shall be determined according to the local average wage of employees in the previous year published by the local labor administrative department.

To sum up, when individuals or units choose the payment grade, they need to make comprehensive consideration according to their own economic situation and future pension planning.

Legal basis:

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

Article 60

The employing unit shall declare itself and pay social insurance premiums in full and on time, and shall not postpone or reduce the payment except for legal reasons such as force majeure. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis.