What does social security contribution base 4462 mean?

Social Security Contribution Base 4462 means that the wage base used to calculate social security costs is $4,462. This is usually based on the employee's average monthly or annual salary for the previous year.

The range of the social security contribution base is usually between 60 percent and 300 percent of the average social wage. If an employee's salary is less than 60 percent of the local average salary of employees in the previous year, his contribution base will be this minimum percentage, which is 4,462 yuan. And an employee whose actual wage is between this value and 300 percent of the average wage of local employees in the previous year will be declared according to his actual wage.

The social security contribution base is an important basis for calculating social security fees, including pension insurance, medical insurance, unemployment insurance, work injury insurance and maternity insurance. Based on this base and the corresponding contribution ratio, the social security fees to be paid by individuals and units can be determined.

The role of the social security card:

1. The social medical insurance card is used to record information related to residents' social security, it card identifies the cardholder's personal employment status, and records the cardholder's social insurance account information and contributions, occupational skills, employment experience, work injuries, occupational diseases and disability.

2. The social medical insurance card is used to record the basic information of the insured such as name, identity card number, date of birth, gender, nationality, and place of domicile, etc., and records the basic information of the cardholder's name, gender, and citizenship number on its card face for viewing.

3. The Social Medical Security Card can be used to inquire about residents' own pension insurance, unemployment insurance, medical insurance, work-related injury insurance and maternity insurance payments. Inquire about the total accumulated amount of pension insurance and medical insurance and other information.

4. Cardholders can use the card to visit designated hospitals, purchase medicines at designated pharmacies, and settle their individual accounts for medical insurance. It is worth noting that the social medical insurance card of the insured residents can be used by swiping the card with the password, but cannot withdraw cash or make transfers.

5. If a participant is unemployed, he or she can use the card to register for job-seeking and unemployment registration with the relevant departments, claim unemployment insurance benefits and apply for job training.

6. Participants can use the card to handle social security affairs such as medical care, unemployment, pension, work injury and maternity, as well as to handle social security affairs such as receiving pensions.

In summary, the social security card is an important part of the social security system, which provides individuals with convenient and fast inquiries and services, and also provides the government with an effective means of management and supervision.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 4

Employing units and individuals within the territory of the People's Republic of China shall, in accordance with the law, pay social insurance premiums and have the right to inquire about the records of payment and individual rights and interests, and to demand that the social insurance administrative organizations provide social insurance consulting and other related services. Individuals enjoy social insurance benefits in accordance with the law, and have the right to supervise the payment of contributions for them by their own units.