What does the employee social security contribution base mean?

Social security payment is a kind of social security supported and promoted by the state. Participating in social security payment is conducive to protecting your rights and interests. At the same time, the state also requires companies to pay social security for employees, with companies paying part and individuals paying part. Social security is not a social welfare, and the insured must fulfill the obligation of payment before enjoying the benefits. 1. What does the social security payment base mean? The social security payment base generally refers to the salary of the current month. The social security payment base is 60%-300% of the average social wage. For example, the average social wage 1000 yuan, and the payment base can be 600 yuan-3,000 yuan. Generally speaking, the higher the salary, the higher the social security payment base, and vice versa, but the payment base has upper and lower limits. The payment base is an important calculation basis for the insured to enjoy social insurance benefits. After workers participate in social insurance, social security agencies will establish personal accounts for basic old-age insurance and medical insurance for life. The higher the base of employees' contributions, the more personal accounts, the more disposable medical expenses and the higher the pension they receive when they retire. However, the concealed, omitted and underreported payment base of insured units and insured personnel will directly reduce the level of social insurance benefits enjoyed by insured personnel. Second, how to query the social security payment base? Every year, social security will regularly check the base (in March or July, in different places) and release the latest minimum base and maximum base. Generally speaking, enterprises help employees pay social security based on the minimum social security base. Of course, some companies will pay social security for their employees according to the average salary of the previous year. You can check the latest social security base with the local social security bureau according to the latest release time. In addition, you can also query the national social security base through a third party. Take Haoyibao as an example. Haoyibao's own social security calculator will keep up with the latest social security base in real time. Third, does the payment base have an impact on personal and corporate wallets? Social security payment is related to the treatment of the insured after retirement. Only by reaching a certain level of payment can we reach a better level of treatment. If the contribution level is too low, the pension level is still low. In other words, the payment level will increase with the increase of average salary, and the future treatment level will also increase. For enterprises, although the increase in the social security payment base may have a certain impact on the social security burden, at the same time, with the implementation of measures to reduce the social security payment rate of enterprises in stages, the burden on enterprises is expected to be finally reduced. The base of employee social security payment is determined according to the average monthly salary of employees in the previous year, and social insurance is determined once a year. For new employees who have just joined the company or have not completed one year in the previous year, this situation depends on the salary of the first month.

Legal objectivity:

"Interim Provisions on Payment of Wages" Article 3 The term "wages" as mentioned in these Provisions refers to the wages paid by the employer to the workers in various forms according to the stipulations of the labor contract. Article 5 Wages shall be paid in legal tender. Payment shall not be made in kind or negotiable securities instead of money.