What is the contribution base and contribution ratio of individual pension insurance in Shenyang?

According to the Liaoning Province Comprehensive Implementation Plan for Reducing Social Insurance Premium Rates:

Individual Pension Insurance Contribution Base and Contribution Ratio:

1. Individuals flexibly employed in the individual pension insurance can choose, upon application, the contribution base of 60%, 70%, 80%, 90%, 100%, and 200% of the average monthly salary of the city's on-the-job workers in the previous year, 300%. After the contribution base is selected, it will not be adjusted within one social security year (referring to the period from July 1 of the current year to June 30 of the following year).

2. The owners of urban individual industrial and commercial households and their employees, upon application, can choose the contribution base of 60%, 70%, 80%, 90%, 100% of the average monthly salary of the on-the-job workers in the previous year. After the contribution base is selected, it will not be adjusted within one social security year (referring to July 1 of the current year to June 30 of the following year).

3. Contribution ratio:

The contribution ratio for flexibly employed persons and self-employed business owners without employees is 20%, of which 8% is credited to individual accounts and 12% is included in the Social Coordination Fund.

Individual urban industrial and commercial employees with hired labor pay 8% of the contribution base for themselves and all of it is credited to their personal accounts, while owners of urban individual industrial and commercial enterprises pay 20% of the contribution base for their employees, which is transferred to the social co-ordination fund.

Official policy: