The first gear is 80%of the local average salary. The second grade is 100%of the local average salary. The third grade is 200%of the average local salary. The fourth grade is 300%of the local average salary. In the payment base, the annual payment amount can be determined. The monthly payment amount is equal to the monthly payment amount multiplied by 12 equal to the monthly payment base multiplied by 12. The "Interim Regulations on Social Insurance Payment" stipulates that the payment unit and the individual of payment shall pay social insurance premiums in full in the form of currency, and social insurance premiums shall not be exempted. Veterans pay for endowment insurance like ordinary citizens, and pay for pension insurance premiums until the age of 60 and start enjoying pensions.
The first gear is 80%of the local average salary. The second grade is 100%of the local average salary. The third grade is 200%of the average local salary. The fourth grade is 300%of the local average salary.
In the payment base, the annual payment amount can be determined. The monthly payment amount is equal to the monthly payment amount multiplied by 12 equal to the monthly payment base multiplied by 12.
The "Interim Regulations on Social Insurance Payment" stipulates that the payment unit and the individual of payment shall pay social insurance premiums in full in the form of currency, and social insurance premiums shall not be exempted. Veterans pay for endowment insurance like ordinary citizens, and pay for pension insurance premiums until the age of 60 and start enjoying pensions.