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Shanghai social security base adjustment

Legal analysis: The Shanghai Municipal Bureau of Human Resources and Social Security released the news of the adjustment of the upper and lower limits of the social security contribution base. Since July, 2002 1 and1,the upper limit of social security payment base in this city has been adjusted to 31kloc-0/4 yuan/month, and the lower limit has been adjusted to 5,975 yuan/month.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.

Fifth people's governments at or above the county level shall incorporate social insurance into the national economic and social development plan.

The state raises social insurance funds through multiple channels. People's governments at or above the county level shall give necessary financial support to social insurance.

The state supports social insurance through preferential tax policies.