What does cardinal adjustment mean?

What does the social security base mean? 1, social security payment base. The payment base of social security refers to the wage base used by enterprises or employees to calculate and pay social security premiums. This base multiplied by the regular rate is the amount of social property insurance premiums that enterprises or individuals should pay. Local social security payment bases are linked to local ordinary wage data. It is determined according to the average monthly income of all labor remuneration income of employees from June 1 day to February 1 day of the previous year. Once a year, after one year, it will not be changed. The time to apply for adjusting the social security base is generally in July. Enterprises generally take the total wages of employees as the payment base, and employees pay social property insurance premiums according to half of their average monthly wages in the previous year. In China, the payment base is approved by the social financial insurance agency according to the employer's declaration. 2. Pay the share. The share of payment, that is, the collection ratio of social financial insurance premiums, is in accordance with the relevant policies of China's current social financial insurance, and we implement different collection shares for different social financial insurance types.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 57 An employing unit shall, within 30 days from the date of its establishment, apply to the local social insurance agency for social insurance registration with its business license, registration certificate or unit seal. The social insurance agency shall, within fifteen days from the date of receiving the application, examine and issue the social insurance registration certificate. Where the social insurance registration items of the employing unit are changed or the employing unit is terminated according to law, it shall, within 30 days from the date of change or termination, go to the social insurance agency to handle the change or cancellation of social insurance registration. The market supervision and management department, the civil affairs department and the organization management organ shall promptly inform the social insurance agency of the establishment and termination of the employing unit, and the public security organ shall promptly inform the social insurance agency of the birth, death, household registration, migration and cancellation of the individual.

Article 58 An employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay. Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration. The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.