What does it mean to reduce the base of social security contributions?

The social insurance payment base refers to the calculation base for social insurance participants to pay all kinds of insurance within one year. Declared by the employer is an important calculation basis for the insured to enjoy social insurance benefits. The higher the base of general social security contributions, the more disposable medical expenses and the higher the pension received at retirement.

Legal objectivity:

Article 60 of the Social Insurance Law, the employing unit shall declare itself and pay social insurance premiums in full and on time. Except for legal reasons such as force majeure, the payment shall not be postponed or reduced. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis. Individual industrial and commercial households without employees, part-time employees who have not participated in social insurance in the employing units and other flexible employees can pay social insurance premiums directly to the social insurance premium collection agencies.