How to calculate the personal social security base in Tianjin

As of September, 20 19, if the salary of employees is lower than 60% of the average monthly salary of employees in this city in the previous year, 60% of the average monthly salary of employees in this city in the previous year will be used as the base for employers and employees to pay the basic old-age insurance premium.

If the wages of employees are higher than 300% of the average monthly wages of employees in this Municipality in the previous year, 300% of the average monthly wages of employees in this Municipality in the previous year will be used as the base for employers and employees to pay the basic old-age insurance premium, and the part exceeding 300% will not be used as the base for employers and employees to pay the basic old-age insurance premium, nor will it be used as the base for calculating the basic pension.

Extended data

1. Regulations of Tianjin Municipality on Endowment Insurance for Employees of Urban Enterprises;

The employer shall pay 20% of the sum of the individual payment bases of employees, and the bank where the employer opens an account shall give priority to monthly withholding. Workers pay 8% of their wages, and employers deduct them from their wages on a monthly basis. If the salary of employees is lower than 60% of the average monthly salary of employees in the previous year, 60% of the average monthly salary of employees in the previous year shall be used as the base for employers and employees to pay the basic old-age insurance premium.

Two, the basic old-age insurance personal accounts include:

1, all employees pay individually;

2. Income from investment and operation of personal account funds;

3. Personal account interest.

Tianjin human resources and social security-employers and their employees pay the basic old-age insurance premium

Tianjin Municipal Bureau of Human Resources and Social Security-Regulations of Tianjin Municipality on Endowment Insurance for Employees of Urban Enterprises