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What is the social security payment standard in Jiangsu?
Legal basis: Article 3 of the Notice of the General Office of the Provincial Government on Printing and Distributing the Implementation Plan for Reducing the Social Insurance Rate in Jiangsu Province adjusts the social insurance payment base policy. Improve the mechanism for determining the upper and lower limits of the social insurance payment base. From July 1 2065438, the upper and lower limits of the social insurance payment base will be determined according to the average wage of employees in full-caliber urban units weighted by the average wage of employees in non-private urban units and the average wage of employees in private urban units in the previous year, in which the upper and lower limits of the payment base are 300% and 60% of the average wage of employees in full-caliber urban units in the province respectively. Individual industrial and commercial households and flexible employees can participate in the basic old-age insurance for enterprise employees, and choose an appropriate payment base between 60% and 300% of the average salary of employees in full-caliber urban units in the province. According to the unified deployment of the state, we will study and formulate the transitional measures for the calculation and payment of basic pensions after the adjustment of the calculation caliber of the average wage of employed persons, so as to ensure the smooth convergence of the treatment level of retirees.
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