From 2002 11June1to 20021June 30, the wage base of basic old-age insurance for employees in the whole province was divided into twelve grades, with the upper limit temporarily being 19335 yuan and the lower limit temporarily being 3368 yuan.

According to the pension insurance payment ratio of 20%, the minimum pension insurance cost in Jiangsu needs 3368*20%= 673 yuan per month and 8076 yuan per year; The top-grade endowment insurance costs 19335*20%=3867 yuan per month, 46404 yuan per year.

We also see that Qiqihar in Heilongjiang divides the basic old-age insurance premiums for individual industrial and commercial households and flexible employees into nine grades: if the payment is 300%, it will cost 3072 yuan per month and 36864 yuan for the whole year; If the minimum payment is 60%, it will cost 6 14.40 yuan per month and 7372.80 yuan for the whole year.

For flexible employees, in the process of endowment insurance payment, they can freely choose 60%-300% payment grade. The higher the payment grade, the higher the pension benefits.

At the same time, if flexible employees pay social security, they generally need to pay medical insurance at the same time. According to the payment ratio of 8%, they also need about 3000 yuan a year. Therefore, with the cost of old-age insurance, if flexible employees pay social security according to the minimum standard, the annual social security cost needs about 1 10,000 yuan.

Next, let's answer a question from a netizen. When will the annual increase of retirement wages in China 10% be realized?

Well, the pension benefits of government agencies and institutions are calculated by combining the old and new methods, and in the comparison of the pensions calculated by the two methods, if the pensions calculated by the new method are higher than those calculated by the old method, they will be paid in different proportions. This ratio is related to retirement years. For those who retire during the transition period of 10, extra pension shall be paid according to different proportions such as 10%- 100%. It doesn't mean that 10% will be sent every year, which is obviously wrong.

If you are a China person who retired in 20 18, then you have to pay 40% of the old pension as compensation, but this compensation has not been realized, because many places are still promoting the pension accounting of China people.

Under normal circumstances, China people's pension benefits are not only to pay well-compensated pensions, but also to make up for the annual increase in pensions after retirement. However, the annual increase in pensions is 5%, not 10% as you said.