Let's take the old-age insurance payment in Shandong Province in 20021year as an example. What's the difference between the payment based on 60% and the payment based on 100%? In terms of the amount of endowment insurance, the minimum payment is 60% (3,746 yuan), and flexible employees generally pay endowment insurance at the rate of 20%, and they need to pay 8,990.4 yuan a year. If the payment is based on 100%, you need to pay 14984 yuan a year, which is nearly 6000 yuan more.