Job Recruitment Website - Social security inquiry - What is the proportion of individual accounts for flexible employment insurance?
What is the proportion of individual accounts for flexible employment insurance?
Eight percent. According to its financial network, 8% of the basic old-age insurance payment goes into personal accounts. Flexible employees participate in basic old-age insurance and basic medical insurance in employee social security. According to the Decision of the State Council on Improving the Basic Old-age Insurance System for Enterprise Employees, the payment base for urban individual industrial and commercial households and flexible employees to participate in the basic old-age insurance is the average salary of local employees in the previous year, and the payment ratio is 20%, of which 8% is credited to personal accounts. After retirement, the basic pension will be calculated and paid according to the basic pension calculation method for enterprise employees.
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