Current location - Trademark Inquiry Complete Network - Tian Tian Fund - 2020 Social Security Individual Payment Standard
2020 Social Security Individual Payment Standard
In 2020, the individual payment standard of social security is as follows: social security payable fee = payment base * rate.

1, payment base

The benchmark of social insurance will be approved at a fixed time (March or July) every year, and a new benchmark will be announced according to the average monthly salary of employees in the previous year.

1) If the wage income of employees is higher than 300% of the local average wage in the previous year, the payment base shall be 300% of the local average wage in the previous year;

2) If the employee's wage income is lower than 60% of the local average wage in the previous year, 60% of the local average wage in the previous year shall be taken as the payment base;

3) If the employee's salary is between 300% and 60%, the actual salary shall prevail. When it is impossible to determine the wage income of employees, the payment base shall be determined according to the average wage of employees in the previous year published by the local labor administrative department.

2. Speed

1) endowment insurance: the unit contribution rate is 20%, and the individual contribution rate is 8%;

2) Medical insurance: unit contribution rate 10%, individual contribution rate 2%;

3) Unemployment insurance: unit contribution rate 1%, individual contribution rate 0.5%;

4) Maternity insurance: the unit pays 1%, and the individual does not pay;

5) Work-related injury insurance: the unit pays 0.5%, and the individual does not.

Legal basis: Article 64 of People's Republic of China (PRC) Social Insurance Law includes basic endowment insurance fund, basic medical insurance fund, industrial injury insurance fund, unemployment insurance fund and maternity insurance fund. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country.