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What is the reason for the increase in social security
Legal analysis: because the base of social security goes up every year, so social security premiums go up. Consumption is going up, wages are going up, so social security is relatively going up. Social security contributions are based on the employee's actual salary as the basis for payment, as the annual minimum wage is being adjusted accordingly, the base of social security contributions will also be adjusted.
Legal basis: "The Chinese people*** and the State Social Insurance Law" Article 10 Employees should participate in the basic pension insurance, by the employer and the employee*** with the payment of basic pension insurance premiums. Individual industrial and commercial households without employees, part-time workers who do not participate in basic pension insurance with their employing organizations, and other flexibly employed persons may participate in basic pension insurance and pay basic pension insurance premiums by themselves. The methods of pension insurance for civil servants and staff members administered under the civil service law shall be prescribed by the State Council.
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