Jinan Employees' Pension Insurance Contribution Standard in 2017
Contribution ratio: 18% for units, 8% for individuals;
Contribution base: contribution salary;
Contribution base upper limit: 15,999 yuan/month;
Contribution base lower limit: 3,200/month.
From July 2017, the lower limit of the contribution base for social insurance declaration of all insured units in Jinan City was adjusted from 2,930 yuan to 3,200 yuan. As for the specific amount of employee contributions, it depends on the contribution base chosen by the work unit.
Those who participate in the basic pension insurance and basic medical insurance for enterprise employees (at the rate of 5.5% + 8 yuan of large medical aid + 10 yuan of medical outpatient co-ordination fund) will pay a minimum of 951.32 yuan per month.
Flexibly employed persons and self-employed businessmen without employees may, in conjunction with their actual incomes, declare their contributions between the lower limit of the monthly pension insurance contribution base (RMB 3,200) and the average monthly salary of employed workers (RMB 5,333) when declaring their contributions.
Expanded information:
The contribution ratio is divided into two categories, namely, enterprises and individual workers:
(a) All types of enterprises contribute 20% of the total wages of the employees. (a) Enterprises of all kinds contribute 20% of the total wages paid by employees, and employees contribute 7% of the individual contribution base (7% in 2003, raised by one percentage point in two years, eventually to 8%). The employee's contribution is withheld by the enterprise.
(ii) Individual workers, including self-employed businessmen and freelancers, contribute 18% of the contribution base, all at their own expense.
Flexibly employed persons and urban self-employed businessmen without employees who are insured in their personal capacity will see an increase in their social insurance contributions. The minimum monthly contribution will be 640 yuan for those who only participate in the basic pension insurance for enterprise employees.
Baidu Encyclopedia - Pension Insurance Standards
Baidu Encyclopedia - Jinan Municipal Basic Pension Insurance Regulations for Urban Enterprises and Employees