First, Sinopec pension insurance payment ratio overview
Sinopec's pension insurance contribution ratio is shared by employees and enterprises. According to the unified regulations of the state, the proportion of old-age insurance contributions usually includes employee individual contributions and enterprise contributions. Employees' individual contributions are usually determined according to a certain proportion of employees' salary base, and enterprises' contributions are determined according to the economic situation of enterprises and the total wages of employees.
Second, the proportion of employees' individual contributions.
The proportion of employees' individual endowment insurance contributions is generally calculated according to the individual contribution wage base. The specific payment ratio will be adjusted according to national policies and regulations. Employees need to deduct the corresponding old-age insurance expenses from their wages in accordance with the prescribed proportion, which will be directly used for individual old-age insurance accounts.
Third, the proportion of enterprise investment.
As the joint undertaker of endowment insurance, the proportion of payment is usually determined according to the economic situation of the enterprise and the total wages of employees. Enterprises need to set aside corresponding funds from enterprise profits or operating income according to the proportion stipulated by the state to pay the endowment insurance expenses of employees. This part of the funds will be directly remitted to the national endowment insurance fund to support the operation of the entire endowment insurance system.
Fourth, adjustment and change.
The proportion of endowment insurance payment is not static, but will be adjusted according to the national economic development, demographic changes and the operation of endowment insurance system. The state will formulate corresponding policies according to the actual situation, adjust the proportion of endowment insurance payment in time, and ensure the stable operation and sustainable development of the endowment insurance system.
To sum up:
The contribution ratio of Sinopec's endowment insurance is the responsibility of both employees and enterprises, and the contribution ratio follows the clear provisions and supervision of national laws and regulations. Individual employees and enterprises pay endowment insurance premiums in accordance with the prescribed proportion respectively, and * * * all pay endowment insurance for individuals. The proportion of old-age insurance contributions will be adjusted according to national policies and regulations to meet the needs of economic development and the operation of the old-age insurance system.
Legal basis:
People's Republic of China (PRC) social insurance law
Article 10 stipulates:
Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.
Article 12 stipulates:
The employing 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. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.