Legal analysis: the endowment insurance unit bears 20% and the individual bears 8%. For example, your monthly salary is 4,000 yuan, and you will be deducted 8% * 400,020 yuan of endowment insurance every month. Accumulated payment of old-age insurance 15 years or more, reaching the statutory retirement age, you can enjoy old-age insurance benefits and receive state-subsidized pensions every month.

Legal basis: Article 12 of the Social Insurance Law of People's Republic of China (PRC), the employing unit 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 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. 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 accounts respectively.