Social security payment is divided into four grades: the lowest grade (40%), the first grade (60%), the second grade (80%) and the third grade (100%). The difference is that low-grade social security contributions are low, and the balance of funds entering personal accounts is also small. When calculating the pension in the future, the average contribution index converted into the formula will be low, resulting in less pension, while the social security with high contribution ratio will receive higher pension than the low-grade social security.

The higher the level of social security, the more insurance money will be paid in the future, and the amount of money is also related to the number of years of social security payment. The longer the payment time, the more pension you will receive when you retire.

If conditions permit, we can all try to pay more social security fees. If your company's salary is low, you'd better discuss it with your company. If you can afford it, you should think more about your future retirement. After all, the social security fee is very similar to the money you deposit in the bank. Although the return ratio of this investment is not particularly large, it plays a great role in reimbursing our medical expenses. After all, medical insurance and social security are basically paid together, and this kind of protection takes a long time and the amount invested is relatively small, and it takes a long time to see the effect.

Legal basis:

Labor law of the people's Republic of China

Article 72 stipulates that employers and workers must participate in social insurance and pay social insurance premiums according to law.

People's Republic of China (PRC) labor contract law

Paragraph 3 of Article 38 stipulates that if the employing unit fails to pay social insurance premiums for the employees according to law, the employees may terminate the labor contract.

Tenth employees should participate in the basic old-age insurance, and employers and employees should pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of 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.