The relationship between the social security contribution base and the pension

The pension is related to the contribution base and the years of contribution, the higher the contribution base and the longer the years of contribution, the more the pension will be received.

Social security contribution base is 60% - 300% of the average social wage as the contribution base, for example, the average social wage is 1,000 yuan, the contribution base can be 600 yuan - 3,000 yuan.

Every year, the social security system will approve the social security base at a fixed time (March or July, varying from place to place) and release the latest minimum and maximum base. Generally speaking, companies help their employees to pay the minimum base for social security, but of course there are some companies that will pay social security for their employees based on the average salary of the previous year's position as the base.

Expanded information:

Social security contribution base, also known as the social insurance contribution base, is the basis for the payment of social insurance premiums by the insured units and insured persons. Social insurance contribution base x contribution ratio = social insurance premiums payable.

In June 2016, with the announcement of the average salary, Beijing, Shanghai, Chongqing, Anhui and many other places adjusted the social security contribution base. Due to the increase in the average salary, the upper and lower standards of the social security contribution base have been adjusted upward to different degrees.In November 2016, the State Council issued the "Implementation Opinions on Stimulating the Vitality of Key Groups to Drive the Urban and Rural Residents to Increase Income", which proposes to expand the scope of the statistical caliber, and the social security contribution base will be lowered, which is conducive to alleviating the burden of low-income people's contributions, and letting more low-income people pay social security affordably, and enjoy the Social security treatment. At the same time, low-income people get their hands on wages are also expected to increase.

Declaration method:

From February to May each year, insured units must go to the municipal social insurance premium collection management center or district social insurance office (hereinafter collectively referred to as the social insurance agency) to declare the base amount of social insurance contributions for the next settlement year.

The contribution base declared by the insured unit shall be confirmed by the signature of the insured employee or by means of public announcement.

If a contributing unit fails to make a declaration in accordance with the regulations, the social insurance agency may temporarily determine the monthly contribution base at 110 percent of the previous year's monthly contribution base.

Reference:

Baidu Encyclopedia ? Social security contribution base