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.

skill

The above answer is only for the current information combined with my understanding of the law, please refer carefully!

If you still have questions about this issue, I suggest you sort out relevant information and communicate with professionals in detail.