The payment base for personal pension insurance is determined based on the employee's salary base, which is generally the total salary divided by 12.
Employees need to pay 8% of the pension insurance amount every month.
There are upper and lower limits for the pension payment base. The minimum cannot be lower than 60% of the average monthly salary of the city's employees in the previous year, and the maximum cannot be higher than 300% of the average monthly salary of the city's employees in the previous year.
The level of the payment base is related to the calculation of pensions and the accumulation of pensions in personal accounts.
The base of the pension has nothing to do with the future pension amount, but the cumulative payment period shall not be less than fifteen years.
The payment base for personal pension insurance is based on the salary base.
Under normal circumstances, the employee's total salary is divided by 12 to get the average monthly salary base. Then what the employee needs to pay is 8% of the average monthly salary, which is the amount of pension insurance that the employee needs to pay every month.
1. How is the pension payment base determined? For individual employees, the monthly average of their total salary income in the previous year is used as the monthly payment base for this year. Among them: for new employees of the unit, the full-month salary income of the employee’s starting salary is used as the monthly payment base.
Payment base: The insured unit shall use the sum of the monthly payment bases of all insured employees of the unit as the unit’s monthly payment base.
Pension base calculation method Pension payment base = the average annual salary of employees in the previous year Monthly pension payment base = average annual salary of employees in the previous year / 12 Example: Assume the average monthly salary is 2,000 yuan: 1. Your salary is 1,500
Yuan, the payment base for pension insurance is 2,000 yuan. According to the 8% ratio, you should pay 160 yuan; 2. Your salary is 8,000 yuan, and the payment base for pension insurance is 2,000 yuan × 3 = 6,000 yuan. The above 2,000 yuan is not counted.
Based on the 8% ratio, you should pay 6,000 yuan × 8% = 420 yuan; 3. Your salary is 1,000 yuan, which is lower than the social average monthly salary of 2,000 yuan × 60% = 1,200 yuan, then your pension insurance payment
The base is calculated as 1,200 yuan, and based on 8%, you should pay 96 yuan.
In the future, your pension will be calculated based on the current social average monthly salary × your contribution years × 1% + your total contributions/120 (specific regulations vary from region to region, and each region has corresponding regulations).
2. Principles for setting the upper and lower limits of the pension base. The upper limit of the pension base: The part where the employee's salary income exceeds 300% of the arithmetic mean of the average monthly salary of the provincial and municipal employees in the previous year will not be included in the payment base; the lower limit of the pension base:
If the employee's salary income is lower than 60% of the arithmetic average monthly salary of employees in the province or city in the previous year, 60% of the arithmetic average of the average monthly salary of employees in the province or city in the previous year shall be the payment base.
There are upper and lower limits for the pension payment base. The minimum cannot be lower than 60% of the average monthly salary of the city's employees in the previous year; the maximum cannot be higher than 300% of the average monthly salary of the city's employees in the previous year.
The average salary of employees in each city is announced every year by the Municipal Bureau of Statistics.
The pension payment base adjustment period is fixed every year within the same payment year and will not be changed midway.
Pension payment base adjustment time: From April to June every year, the employer should declare the pension payment base of its employees for the new year according to the notice of the local social insurance agency.
The relationship between pension base and pension: Pension is composed of basic pension and personal account pension.
The higher the payment base, the higher the "average salary index", the relevant parameter for calculating the basic pension, and the higher the corresponding basic pension; the personal account is gradually accumulated from contributions over the years, and the accumulated savings in the personal account are used to calculate the pension.
For the component part, employees pay 8% of their own wages, and this proportion must be transferred to their personal accounts.
The higher the payment base, the more amount will be transferred to the personal account in proportion, the more accumulated savings will be, and the higher the pension will be; on the contrary, the pension will be lower.
The above is my collection of relevant information on how to calculate the base of personal pension insurance.
The base amount of the pension is related to the average salary of the insured person for one year while working and has nothing to do with the amount of future pension insurance benefits.
And the cumulative payment period of pension insurance shall not be less than fifteen years.
Otherwise, you will not be able to enjoy the monthly pension you receive after retirement.
Legal basis: "Social Insurance Law of the People's Republic of China": Chapter 2 Basic Pension Insurance Article 10 Employees shall participate in basic pension insurance, and the employer and employee shall jointly pay the basic pension insurance premiums.
Individual industrial and commercial households without employees, part-time employees who have not participated in the basic pension insurance in the employer, and other flexible employment personnel can participate in the basic pension insurance, and the basic pension insurance premiums are paid by individuals.
The measures for pension insurance for civil servants and staff managed with reference to the Civil Servant Law shall be prescribed by the State Council.