How much does the individual social security contribution increase every year?

The annual growth of individual social security contributions has not been fixed. The base of social security payment is determined according to 60% of the average social wage in this region in the previous year (this is the lower limit, and the upper limit is three times the lower limit). When the monthly income is lower than this payment base, it will be paid according to the lower limit. When the monthly income is higher than the payment base, the payment amount will change. Judging from the situation in recent years, the average social wage is increasing year by year, so the increase of insurance premium may be greater than the decrease.

Social security generally refers to social insurance. Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.

The functions of social insurance are as follows:

1, stable living standard: when members of society encounter this situation, they will be given appropriate compensation to ensure their basic living standard and prevent unstable factors;

2. Guarantee the ability to work: workers will inevitably encounter various accidents in the process of labor, which will lead to the stagnation of the reproduction process of workers and give necessary economic compensation and living security;

3. Realize social equity: provide subsidies to low-income or non-income workers through compulsory collection of premiums and inclusion in insurance funds to improve their living standards and realize social equity distribution to a certain extent;

4. Promoting social progress: it embodies the good appearance of social groups helping each other and developing and progressing together.

People's Republic of China (PRC) Social Insurance Law Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance to protect citizens' right to get material help from the state and society in the event of old age, illness, industrial injury, unemployment and maternity.

Article 3 The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.

Article 4 Employers and individuals who pay social insurance premiums according to law in People's Republic of China (PRC) have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.