Five insurance and one gold base adjustment time

Five insurances and one gold refer to the endowment insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance and housing accumulation fund paid by enterprises for employees. In July each year, the social security department and the housing provident fund management center will announce a new payment base of five insurances and one gold, which is based on the average monthly salary of employees in the previous year and the average social salary in that year.