Implementation plan of deepening the reform of endowment insurance system for enterprise employees in Inner Mongolia Autonomous Region
Internal Affairs Office [1995]No. 143
Five, the basic old-age insurance premium raising
The cost of basic old-age insurance is paid jointly by units and individuals, and raised according to the principle of "fixed income and partial accumulation". Specific measures are as follows:
(a) the unit is based on the sum of the wages paid by all employees, and pays according to the proportion determined by the Union City according to the payment needs and the accumulation rate of not less than 3% of the total wages.
(2) Employees take individuals as the payment base. Since the implementation of this scheme, the unit will withhold and remit 3% of the average monthly salary of the previous year from their wages. My contribution rate increases by one percentage point every two years, and finally reaches 8% of my salary base.
(three) the old-age insurance premiums paid by the unit shall be paid before tax, and the individual contributions shall not be included in the income tax base.
(four) the basic old-age insurance fund is subsidized by the government at the same level when it is difficult to pay.
The average monthly salary base of employees' individual contributions is called employee contributions. The average monthly wage is an item included in the total wage statistics according to the regulations of the National Bureau of Statistics, including the sum of wages, bonuses, allowances, subsidies and other income. If the average monthly salary of employees is lower than 60% of the average salary of local employees, it will be calculated as 60%, and the part that exceeds 300% of the average salary of local employees will not be included in the base of payment salary or pension.
The fixed number of years for units and employees to pay endowment insurance premiums is called the fixed number of years for payment. 1 991July1recently, the continuous length of service (excluding the converted length of service) calculated by employees according to the relevant regulations of the state and the autonomous region can be regarded as the payment period. 1 991July1,the payment period shall be calculated according to the actual payment time of units and individuals.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.