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Why did the endowment insurance suddenly drop?
The reasons for the sudden decline in endowment insurance are as follows:

1, the salary of some employees decreased, which may be due to the increase in the base of five insurances and one gold. For employees, if the base of social security and housing provident fund is reduced, it is likely that the unit has increased the base of social security and housing provident fund for you, resulting in more contributions, so the amount of wages has decreased.

2. Some retirees lose their pensions because of deductions. For retirees, pensions are less because payments linked to pensions are deducted.

Old-age insurance, the full name of social basic old-age insurance, is a social insurance system established by the state and society according to certain laws and regulations for workers to reach the working age limit stipulated by the state to terminate their labor obligations or to retire from their jobs because of old age.

The contribution ratio of endowment insurance is generally 20% for employers and 8% for employees. The basic old-age insurance premium paid by the employer according to law is credited to the basic old-age insurance pooling fund; The basic old-age insurance premiums paid by individuals are credited to personal accounts.

Legal basis:

Social insurance law

Article 12

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.

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.