How to calculate the average payment index?

The average payment wage index refers to the average payment wage index of Xun Yu social co-ordinators participating in endowment insurance over the years, which is called the average payment wage index. Divide the annual payment base of the insured by the local average salary of employees in the previous year, so it is calculated once a year. When you retire, add up the annual payment wage index and divide it by the actual payment period.

When we say payment wages, we mean wage income that can be included in the scope of paying social insurance premiums. According to the current policy, payment wages are wages included in the total wage statistics according to the provisions of the national statistical department. Its characteristic is that it depends on the actual situation of wage income, and there is no upper or lower limit. The determination of payment wages is actually the confirmation of the total wages of employees. Total wages refer to the total labor remuneration paid directly to all employees of the unit within a certain period of time. What income of employees goes into the total wages and what income does not go into the total wages. The "Regulations" clearly stipulate the composition of the total wages of the National Bureau of Statistics. When approving the annual payment base, the social security agency requires the employer to report the approved payment wages in accordance with the provisions on the composition of the total wages of the customs, rather than the payment base. This paid salary is approved and reported on the basis of the actual total salary of employees in the previous year. The reported data can be greater than the upper limit of payment or less than the lower limit of payment, as long as it is the actual number. From this perspective, payment wages and payment base are not a concept. In fact, not only the essential meaning is different, but also the management departments are different. The verification and declaration of payment wages is the obligation of the employer, and the determination of payment base is the responsibility of the social insurance agency.