best insurance companies - Shenzhen pension insurance payment 2013, 2013 payment proportion of Shenzhen basic pension insurance : Shenzhen, China- From January 1st of 2013, the enterprises’ proportion of payment for Shenzhen’s pension insurance will be raised to 13% from currently 10% and the individual payment rate remain unchanged, said the city’s Human Resource and Social Security Bureau on its official micro-blog yesterday. The new regulation will be implemented on January 1st of 2013.
As per the current regulation, the payment proportion of Shenzhen’s basic pension insurance are 18% of employees’ total wages, of which 10% is paid by companies and 8% is paid by individual. The city’s current payment rate by enterprise are 10%, lower than the Guangdong’s 18% and the nation’s average level of 20%.
After this adjustment, the payment proportion of Shenzhen’s basic pension insurance will be 21% of employees’ total salaries, of which, the company’ proportion will be raised to 13% and the individual payment rate will remain unchanged at 8%.
According to relevant statistics, as of the third quarter of this year, the total employees participating the basic pension insurance has exceeded 7.9 million persons, up by 64900 persons with a rate of 0.8%.
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