Social security base adjustment notice

Legal analysis: unified payment base for enterprise employees' five insurances. The payment base of employees in the current year (July to June of the following year) is the average monthly wage income of the previous natural year. According to the average growth level of employees, the upper and lower limits of the social security contribution base are adjusted in July each year. If the wage income of employees exceeds the upper limit of the payment base, the excess will not be included in the payment base; If the wage income of employees is lower than the lower limit of the payment base, the payment base shall be determined according to the lower limit.

Legal basis: Article 2 of the Social Insurance Law of People's Republic of China (PRC) The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, etc., to protect citizens' right to get material help from the state and society according to law in case of old age, illness, industrial injury, unemployment and maternity.