Job Recruitment Website - Social security inquiry - What does the social security floor mean?

What does the social security floor mean?

The lower limit means that if the payment base is lower than the minimum payment base stipulated by various localities (60% of local social wages), it shall be paid according to the minimum payment base.

The lower limit of social security means that if the payment base is lower than the minimum payment base stipulated by local governments (60% of local social wages), it will be paid according to the minimum payment base.

When calculating the social security payment amount, it can be calculated according to this formula: social security payment amount = payment base × payment ratio. The upper limit means that if the payment base is higher than the maximum payment base stipulated by various localities (300% of local social wages), it shall be paid according to the maximum payment base.