What is the proportion of pension insurance payment? Individual and unit pay in proportion. 20% for units and 8% for individuals. The basic endowment insurance premium is jointly borne by the enterprise and the individual employee: the enterprise pays a certain proportion of the average monthly gross wages of its employees in the previous year (19% in Beijing, which may be different in other cities), and the individual employee pays a certain proportion of his average monthly wage income in the previous year (generally 8%). If urban self-employed businesses, flexible employees and laid-off workers of state-owned enterprises participate in the basic endowment insurance as individuals, they shall pay the basic endowment insurance premium at the rate of 20% based on the average social wage of the province where they are located in the previous year, and all of them shall be borne by themselves. Base The so-called payment base of social insurance refers to the wage base used by enterprises or individual employees to calculate and pay social insurance premiums. Multiplying this base by the specified rate is the amount of social insurance premiums that enterprises or individuals should pay. Enterprises generally take the total wages of enterprise employees as the payment base, while individual employees generally take the average monthly wages of the previous year as the payment base of individual social insurance premiums. In China, the payment base is verified by the social insurance agency according to the declaration of the employer. Generally speaking, if the employee's contribution salary is 300% higher than the last year's social average salary of the province or city where he/she is located, 300% of the last year's social average salary shall be taken as the contribution base. If the employee's contribution salary is lower than 40% of the last year's average social salary of the province or city where the salary is located, 40% of the last year's average social salary of the province where the salary is located shall be taken as the contribution base. (The calculation proportion of the highest and lowest payment bases may vary from city to city, and the calculation proportion and base published by the human resources and social security bureaus of each city shall prevail.) Do you understand this explanation?