What does the adjustment of social security base mean?

Social security adjustment is to adjust the social security payment base.

1. Monthly social security payment formula: social security fee = payment base × payment ratio. The change of payment base will directly affect the change of social security expenses. How is the annual payment base determined? Mainly determined according to the average monthly salary of the society in the previous year.

2. The monthly average social wage is recalculated every year, so the Social Security Bureau will adjust the social security base in April or July of that year according to the monthly average social wage of the previous year. After the base is adjusted, it needs to be paid according to the new base, and some cities will ask for the difference. But once the base number is determined, it will not change within one year.

1) Reasons for adjustment of social security base. The living standards and wages of China citizens have been improved to varying degrees every year. Therefore, adjusting the social security payment base once a year can make everyone enjoy unemployment relief, medical insurance reimbursement, and even receive a pension in the future. The treatment will not be far from the current social living standard and average income. Adjust the base to make up for the social security gap. 4. After the foundation is lifted in July, some cities will ask you and your enterprise to make up the difference of social security expenses in the previous three or six months (for example, Hangzhou). This is what we often call "social security base adjustment". If you can't pay in time, long-term arrears of social security or still paying according to the original base will affect your pension after retirement.

2) Adjustment method of social security base. From the overall trend, the social security base is increasing year by year. Because the upper and lower limits of the social security payment base are linked to the average monthly salary of employees, the wage income and minimum wage standard of the whole society are gradually improving. Therefore, the social security base will also increase simultaneously, which is also the reason why our annual social security expenses gradually increase.

3) 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 third-party software. If the wage income of employees is higher than 300% of the local average wage of employees in the previous year, 300% of the local average wage of employees in the previous year shall be the payment base; If the wage income of employees is lower than 60% of the local average wage of employees in the previous year, 60% of the local average wage of employees in the previous year shall be the base of payment; If the employee's salary is between 300% and 60%, declare it according to the facts. If it is impossible to determine the wage income of employees, the payment base shall be determined according to the average wage of local employees in the previous year published by the local labor administrative department.