What does social security coefficient 0.1 mean

According to the query Baidu Law Pro Network shows that the social security coefficient of 0.1 refers to the social security base of the current year, which is the average social wage of the previous year. The social security contribution coefficient is calculated as follows:

1, the employee's salary income is higher than 300% of the average salary of the local employees in the previous year, 300% of the average salary of the local employees in the previous year for the contribution base;

2, the employee's salary income is lower than 60% of the average salary of the local employees in the previous year, 60% of the average salary of the local employees in the previous year for the contribution base;

3、If the employee's salary is between 300% and 60%, it will be declared according to the actual situation. When the salary income of the employee cannot be determined, the contribution base shall be determined by the average salary of the local employees in the previous year announced by the local labor administration department as the contribution salary. Article 62 of the Social Insurance Law of the People's Republic of China, if an employer fails to declare the amount of social insurance premiums to be paid in accordance with the regulations, the amount to be paid shall be determined in accordance with 110% of the amount of contributions paid by the unit in the previous month; after the unit has made up for the declaration, the social insurance premium collection agency shall settle the bill in accordance with the regulations.