Job Recruitment Website - Social security inquiry - How often is the social security base adjusted?
How often is the social security base adjusted?
The payment base of social insurance should be adjusted once a year. The adjustment of the payment base is determined according to the average social wage of the previous year. Therefore, no adjustment can be made until the average social wage of the previous year is announced in the overall planning area. Due to the inconsistency of publication time in different places, there is no specific regulation on when to adjust, but the starting time is every year 1 month.
Legal basis: Article 12 of the Social Insurance Law of People's Republic of China (PRC), the employing unit shall pay the basic old-age insurance premium in proportion to the total wages of its employees as stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.
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