Shanghai Social Security Base Minimum Standard 2023

In 2023, Shanghai's social security base standards are as follows:

From July 2022 1 to June 30, 2023, the upper limit of Shanghai social security payment base is 34188 per month; The lower limit is 6520 per month. According to local policies, the social security base has been improved, and the specific policies can be understood from the local social security department; If employees need to buy social security, they can go to the unit for consultation, and the person in charge of the unit will declare the purchase. Social security payment refers to the act of participating in various social security insurances and paying premiums. Generally speaking, it refers to the social limb association's overall payment of endowment insurance, medical insurance, unemployment insurance, work injury insurance and maternity insurance. Social security payment is divided into two parts: unit payment part and individual payment part.

Social security contribution ratio:

Social security is divided into units and individuals. Specific social security contributions are as follows:

Endowment insurance, units and individuals pay 20% and 8% respectively;

Medical insurance, units and individuals pay 12% and 2% respectively;

Unemployment insurance, units and individuals pay 2% and 0% respectively;

Maternity insurance units pay 0.60%, and individuals do not pay;

Work-related injury insurance units pay 2%, and individuals do not pay.

To sum up, according to the different types of social insurance, the payment base is also different. The payment base of the old-age insurance for urban workers is based on my average monthly salary, but when the employee's salary is lower than 60% of the social average wage, it is based on 60% of the social average wage, and when the employee's salary is higher than 300% of the social average wage, it is based on 300% of the social average wage.

Legal basis:

Article 12 of the Social Insurance Law

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees 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 employer and other flexible employees participate in the basic old-age insurance; The basic old-age insurance premium shall be paid in accordance with the provisions of the state and credited to the basic old-age insurance pooling fund and individual account respectively.