Job Recruitment Website - Social security inquiry - Is it legal for the social security payment base to be higher than the salary?
Is it legal for the social security payment base to be higher than the salary?
Legal. Enterprises pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state, and employees pay the basic old-age insurance premium according to the proportion of their own wages stipulated by the state. Therefore, if the social security base is higher than the salary, the contribution ratio of individuals and enterprises will increase accordingly, but the overall contribution amount will increase, and the insurance amount enjoyed by individuals and enterprises will also increase accordingly after retirement.
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