July 2022 Wuhan Social Security Payment Policy

New standard of Wuhan social security payment base;

The adjustment of social security base in Wuhan in July 2022 is also adjusted according to the average social wage, with upper and lower limits. The minimum payment base of social security in 22 years is 3740 yuan, and the maximum payment base is 18699 yuan. Because the unit should calculate the social security expenses according to the average salary of employees, it is still necessary to calculate the social security expenses according to the actual situation.

Two. Wuhan social security payment ratio standard:

There is a fixed payment ratio standard for five insurances, and the payment ratio that units and individuals have to bear is also different. According to the law, social security units should bear 16% endowment insurance, 8% medical insurance, 0.7% unemployment insurance, 0. 12% work injury insurance and 0.7% maternity insurance. Individual workers should bear 8% of endowment insurance, 2% of medical insurance, serious illness insurance in 7 yuan and 0.3% of unemployment insurance. If the payment is made according to the minimum standard, the minimum monthly payment for the five insurances is 1346.67 yuan.

Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.

In China, social insurance is an important part of the social security system, occupying a core position in the whole social security system. In addition, social insurance is a contributory social security. The funds are mainly paid by employers and workers themselves, and the government finances give subsidies and bear the ultimate responsibility. However, workers can only enjoy the corresponding social insurance benefits if they fulfill their statutory payment obligations and meet the statutory conditions.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 4 Employers and individuals who pay social insurance premiums according to law in People's Republic of China (PRC) have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Article 7 The administrative department of social insurance in the State Council is responsible for the management of social insurance throughout the country, and other relevant departments in the State Council are responsible for the relevant social insurance work within their respective functions and duties.

The social insurance administrative department of the local people's government at or above the county level shall be responsible for the social insurance management within its administrative area, and other relevant departments of the local people's government at or above the county level shall be responsible for the relevant social insurance work within their respective functions and duties.