In Shaoxing, Zhejiang, the difference between a social security base of 7,500 yuan and 5,000 yuan is significant. The main differences lie in the amount of insurance premiums paid, the balance in the personal account, and the amount of pension received in the future. The following is a detailed breakdown:
- Premium payment amount:
- Endowment insurance: The endowment insurance contribution rate for employees in Shaoxing is 8% for individuals and 14% for units. If the base is 7,500 yuan, the individual monthly payment is yuan, and the unit monthly payment is ×8%=yuan. If the base is 5,000 yuan, the individual monthly payment is ×14%=yuan, and the unit monthly payment is ×8%=yuan.×14%=
- Medical insurance: The medical insurance contribution rate for employees in Shaoxing is 2% for individuals and 5.6% for units. With a base of 7,500 yuan, the individual monthly payment is yuan, and the unit monthly payment is ×2%=yuan. When the base is 5,000 yuan, the individual monthly payment is ×5.6%=yuan, and the unit monthly payment is ×2%=yuan.×5.6%=
- Unemployment insurance: The unemployment insurance contribution rate for employees in Shaoxing is 0.5% for both individuals and units. For a base of 7,500 yuan, the individual and unit monthly payments are both yuan. For a base of 5,000 yuan, the individual and unit monthly payments are both ×0.5%=37.5yuan.×0.5%=
- Personal account balance:
- Endowment insurance personal account: Since the individual payment amount is higher when the base is 7,500 yuan, more funds will be accumulated in the personal account over time. For example, if calculated over 10 years, with a base of 7,500 yuan, the individual's cumulative payment into the personal account for endowment insurance is yuan; with a base of 5,000 yuan, it is ××=yuan.××=
- Medical insurance personal account: The amount of money returned to the medical insurance personal account is also related to the payment base. Generally, a higher base means more money is returned to the personal account. For instance, in some cases, the amount returned to the personal account may be calculated as a certain percentage of the payment base. If it is 3% of the base, when the base is 7,500 yuan, the monthly return is yuan; when the base is 5,000 yuan, the monthly return is ×3%=yuan.×3%=
- Pension amount:
- Calculation formula: The pension in Shaoxing is calculated based on multiple factors, and the payment base is one of the important ones. The formula for basic pension = (provincial - level on - the - job employee's monthly average wage in the previous year + personal index - level average payment wage)÷2×payment years×1%; personal account pension = personal account storage amount÷pension 计发月数.
- Difference in pension: Assuming the same payment years and other conditions remain unchanged, because the payment base of 7,500 yuan is higher than 5,000 yuan, both the personal index - level average payment wage in the basic pension calculation and the personal account storage amount in the personal account pension calculation will be higher. For example, if the payment years are 30 years, and other conditions are the same, the pension calculated with a base of 7,500 yuan may be significantly higher than that calculated with a base of 5,000 yuan.
In general, a higher social security base in Shaoxing, such as 7,500 yuan compared to 5,000 yuan, means higher current payments, more funds accumulated in the personal account, and a higher pension amount that can be expected in the future. However, individuals also need to comprehensively consider their actual income and economic affordability when choosing the payment base.