The details of pension insurance payment in p>221 are as follows:

1. Institutions and institutions. Unit 2%, individual 8%. Payment base, the unit takes the total salary of the unit as the base, and the individual takes his salary as the base. The upper limit of the payment base is 3% of the average salary of local employees in the previous year. The lower limit of the payment base is 6% of the average salary of local employees in the previous year;

2. Enterprise. The actual situation in different provinces and cities is different, and the proportion of endowment insurance payment is implemented according to local regulations. For example, the contribution rate of Shenzhen endowment insurance is 21%, the unit contribution is 13%, and the individual contribution is 8%. For example, the contribution rate of Shanghai's old-age insurance is 29%, the unit contribution is 21%, and the individual contribution is 8%. Payment base, the unit takes the total salary of the unit as the base, and the individual takes his salary as the base. The upper limit of the payment base is 3% of the average salary of local employees in the previous year. The lower limit of the payment base is 6% of the average salary of local employees in the previous year or the minimum wage. According to the local old-age insurance regulations.

according to the current endowment insurance policy in China, the insured person of endowment insurance must reach the legal retirement age and pay the accumulated endowment insurance fee for 15 years before he can enjoy the endowment insurance benefits and receive the pension on a monthly basis. Simply put, the current minimum payment period of China's old-age insurance is 15 years.

article 12 of the social insurance law of the people's Republic of China * * * the employer shall pay the basic old-age insurance premium in proportion to the total wages of its employees as stipulated by the state and record it in the basic old-age insurance pooling fund.

employees should pay the basic old-age insurance premium according to the proportion of their salary stipulated by the state and record it in their personal accounts.

individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual account respectively.

Article 15 A basic pension consists of an overall pension and a personal account pension.

The basic pension is determined according to the accumulated years of individual contributions, contributions wages, average wages of local employees, personal account amount, average life expectancy of urban population and other factors.