Social endowment insurance in Shenzhen includes employee endowment insurance and resident endowment insurance. Among them, employees working in Shenzhen employers, including household registration personnel and workers from different places, all participate in employee pension insurance; Flexible employees with Shenzhen household registration can also participate in employee pension insurance at their own expense; All non-employed residents in this city who have reached the age of 16, do not meet the conditions of employee pension insurance and have not participated in other social pension insurance can participate in the resident pension insurance.
Residents' old-age insurance is paid annually, with 10 payment grades. Eligible personnel can choose a grade to pay for insurance and enjoy corresponding government subsidies. Recently, according to the spirit of Ministry of Human Resources and Social Security and Guangdong provincial governments, Shenzhen residents' social endowment insurance has made new breakthroughs in adjusting individual payment grades, raising basic pension standards, establishing incentive mechanism for participating in insurance payment and normal adjustment mechanism for basic pension, and facilitating the people and the people.
The adjustment appropriately raised the payment standard, widened the gap between different payment grades, and raised the original individual payment standard from 100 yuan to 1000 yuan per year to 120 yuan, 240 yuan, 360 yuan, 480 yuan, 600 yuan, 960 yuan, 1200 yuan and 1800 yuan respectively. The insured can choose one of the grades to pay the annual fee and encourage the insured to pay more.
Legal basis: People's Republic of China (PRC) Social Insurance Law.
Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.
Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees 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.
Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government. When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.