Regulations of Sichuan Province on Endowment Insurance Payment? Provisions of Sichuan Province on the Payment of Endowment Insurance Provisions of Sichuan Province on the Payment of Endowment Insurance: 1. In terms of the payment ratio: the amount paid by the enterprise=the approved total wages of enterprise employees × 20%; Individual payment amount of employees=approved payment base × 8% (currently 8%); It is paid according to 22% of the average monthly salary of the employee in the previous year. 2. All individual contributions and 3% of unit contributions are included in individual pension accounts, 19% of unit contributions are transferred to social pooling, and 3% of unit contributions are also transferred to social pooling in the new policy to solve the problem of empty pension accounts. 3. Payment amount of individual workers (including self-employed businesses and freelancers)=approved payment base × 18%. Among them, the payment proportion is divided into two categories: enterprises and individual workers: enterprises pay 20% of the total wages paid by employees, and employees pay 8% of the personal payment base. The part payable by employees shall be withheld and remitted by the enterprise. Do you understand this explanation?
