The contribution ratio of endowment insurance is generally 2% for employers and 8% for employees. The basic old-age insurance premium paid by the employer according to law shall be credited to the basic old-age insurance pooling fund; The basic old-age insurance premiums paid by individuals are credited to their personal accounts.

the deduction ratio of endowment insurance is 8% for individuals and 2% for companies, endowment insurance premium for employees = 8% for employees' salary, and endowment insurance for companies = 2% for employees' salary. There are three ways to pay the old-age insurance: regular payment, lump-sum payment and irregular payment. Generally speaking, regular payment is adopted in areas with stable income, irregular payment is adopted in areas with unstable income, and one-time payment is generally used in areas with serious aging.

Pension, also known as pension and retirement fee, is the most important social pension insurance treatment. That is to say, the relevant documents of the state stipulate that after the workers are old or lose their ability to work, according to their contributions to the society and their qualifications for enjoying old-age insurance or retirement conditions, the insurance benefits paid in monetary form on a monthly basis or at one time are the needs of benefiting the society and are mainly used to ensure the basic living needs of employees after retirement. Pensions are accumulated and operated on the principle of * * * accumulation by the state, the collective and the individual. When people are in the prime of life, part of the wealth created is invested in pension plans to ensure a sense of security in their old age.

proportion of old-age insurance payment: the employer who pays the unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state and record it in the basic old-age insurance pooling fund. At present, the proportion of enterprise contributions shall generally not exceed 2% of the total wages of enterprises, and the specific proportion shall be determined by the governments of provinces, autonomous regions and municipalities directly under the Central Government. A few provinces, autonomous regions and municipalities directly under the Central Government have a large number of retirees, and the burden of old-age insurance is heavy. If it really needs to exceed 2% of the total wages of enterprises, it needs to be reported to Ministry of Human Resources and Social Security and the Ministry of Finance for approval.

Legal basis:

Article 1 of the Social Insurance Law of the People's Republic of China stipulates that employees shall participate in the basic old-age insurance, and the employer and employees shall pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.