Payment standard of endowment insurance in Sichuan province in 2006

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Insured individuals pay the basic old-age insurance premium at 20% of the average monthly salary of employees in the province in the previous year. The payment base can be determined within the range of 60%- 100% of the average monthly salary of employees in the whole province in the previous year. Urban enterprises and their employees shall truthfully declare and pay social insurance premiums according to law. The enterprise pays the basic old-age insurance premium according to the sum of all employees' wages, with the payment ratio of 20%, and the employees of the enterprise pay the basic old-age insurance premium according to their last month's salary, with the payment ratio of 8%, which is withheld and remitted by the enterprise where they work. The approved payment wages of enterprise employees shall not exceed 300% of the average monthly salary of employees in the province last year, and shall not be lower than 60% of the average monthly salary of employees in the province last year.

For individual insurance, which payment grade is appropriate? Relevant personnel of the Municipal Social Security Bureau said that the calculation and payment of basic pensions are linked, and those who have the ability to pay are encouraged to choose a higher-grade payment base. At present, retirement benefits are more closely related to the level of payment base. Simply put, the amount of personal contributions at ordinary times will directly affect the level of receiving pensions in the future. The level of payment base directly determines the level of future pension benefits. High payment base and high pension; On the contrary, it is low.

This is from Leshan City, Sichuan Province. I hope it helps you.

Reference:

Payment standard of endowment insurance in Sichuan province in 2006

Enterprises and their employees pay 28% of the payment base (60%-300% of the average salary of employees in Sichuan Province last year), of which: enterprises bear 20% and employees bear 8%; Individual industrial and commercial households and freelancers pay 20% of the payment base (60%- 100% of the average salary of employees in Sichuan Province last year), of which the employer bears 12% and the employees bear 8%. In 2005, the average wage of employees in the province was 15826 yuan.