What is the basis of social security?

Legal analysis: It is determined according to the monthly average amount of all wage income of employees from June 1 day to February 1 day in the previous year.

Legal basis: Article 59 of People's Republic of China (PRC) Social Insurance Law People's governments at or above the county level shall strengthen the collection and payment of social insurance premiums. Social insurance premiums shall be uniformly collected, and the implementation steps and specific measures shall be stipulated by the State Council.

Notice of the Ministry of Labor and Social Security on Issues Concerning Standardizing the Base of Social Insurance Payment. The basis for checking the payment base 1990 The National Bureau of Statistics issued the Provisions on the Composition of Total Wages (OrderNo. 1 of the National Bureau of Statistics), and then issued a series of notices to make clear provisions on the statistics of total wages. Statistics bureaus of all provinces, autonomous regions and municipalities also have specific descriptions of labor remuneration indicators in the labor statistics report system every year. These documents should be used as the basis for approving the social insurance payment base. Where the relevant documents of the National Bureau of Statistics are not clearly defined as wage income statistics, they are regarded as the base of social insurance payment.