When employees reach the retirement age, they will retire. Once they retire, it means that they can no longer participate in work, and there will be no economic income. Therefore, endowment insurance is particularly important. How much do employees pay for their pension every month? How should workers pay endowment insurance premium? Let's take a look at the details.
The endowment insurance for employees is based on the average monthly salary of employees as the payment base. If there is no grade, you can pay the endowment insurance according to the salary. For example, if your salary is 3000 yuan, you can pay 240 yuan according to 8% of 3000 yuan. It is not allowed to raise or lower the payment standard without authorization.
According to the social payment base, if your average wage is higher than 300% of the social average wage, you should take it as the social average wage.
Therefore, 60% of the social average wage as the payment base is the lowest payment base, but only when the employee's wage is lower than 60% of the social average wage, can the payment be made according to 60% of the social average wage. If the wage is higher than 60%, the payment base cannot be the lowest 60%.
Those who fail to pay pension insurance in full will be punished according to law.
How should workers pay endowment insurance premium
Generally speaking, the average salary of an employee in the previous year is used as the wage base of individual payment of endowment insurance premium (there are also cases where the salary of last month is used as the payment base). The average monthly wage shall be calculated according to the items listed in the total wage statistics stipulated by the National Bureau of statistics, including wages, bonuses, allowances, subsidies and other income. If the average monthly salary is lower than 60% of the average monthly salary of local employees, the payment amount shall be calculated according to 60% of the average monthly salary of local employees as the payment base. If it is higher than 300% of the average monthly salary of local employees, 300% shall be taken as the payment base to calculate the payment amount. Personal income tax is not included in individual payment, and retired people do not pay endowment insurance premium. The basic endowment insurance premium paid by employees is generally withheld by enterprises in the era of wage payment.
How to pay endowment insurance premium
The enterprise takes the total wages of the enterprise as the payment base. If the total wages reported by the enterprise to the statistical department are less than the sum of the individual payment wages of all employees, the sum of the individual payment wages of all employees shall be the payment base of the enterprise. The proportion of basic endowment insurance premium paid by enterprises generally does not exceed 20% of the total wages of enterprises (including the part transferred into personal accounts). If it is true that due to the large number of retirees, the burden of endowment insurance is too heavy, and the payment of individual municipal enterprises exceeds 20%, it can be reported to the provincial government for approval, and no adjustment can be made temporarily. If the enterprise payment proportion is lower than 20%, the payment proportion will not be adjusted. If it is necessary to adjust, it should be reported to the provincial government for approval. After the implementation of provincial overall planning, the cities and industries whose payment proportion is higher than or lower than 20% will be adjusted year by year to gradually transfer to the unified payment proportion of the whole province.