July 2023 Shanghai New Base

In July 2023, the new base in Shanghai was 10354 yuan, which was the lowest standard of social insurance payment base for employees in Shanghai according to legal procedures.

The base of employee social insurance payment refers to the calculation basis of social insurance fund, and it is also the basis for calculating the maximum and minimum social insurance benefits. In accordance with legal procedures, Shanghai has determined the minimum standard of employee social insurance payment base, that is, the new base. According to the "Measures for Determining the Payment Base of Social Insurance for Employees in Shanghai", the principles for determining the new base in Shanghai are: implementing classified management and determining the base standard according to different industries, enterprise scales and actual conditions; Reference to factors such as payment ability, risk prevention and guarantee level; Ensure that the base is reasonable, stable, balanced and fair. In the concrete implementation, the determination of the new base in Shanghai needs to determine the final plan by organizing expert argumentation and soliciting social opinions, and publish it in time.

What are the functions of employee social insurance payment base? The payment base of employees' social insurance is the basis for calculating various social insurance benefits, which has the following effects on employees and employers: 1. Determine the payment amount and social insurance benefits according to different payment bases; 2. Determine the maximum and minimum amount of social insurance such as industrial injury insurance and maternity insurance; 3. Provide an institutional framework to standardize the calculation and distribution of social insurance contributions and benefits.

The new base of Shanghai is the minimum standard determined according to legal procedures, and its determination needs to consider many factors and be confirmed through procedures. Reasonable determination of the payment base of social insurance for employees can protect the legitimate rights and interests of employees and employers and promote the sound implementation of the social insurance system.

Legal basis:

Article 3 of the Measures for Determining the Payment Base of Social Insurance for Employees in Shanghai shall be classified and managed, and dynamically adjusted according to factors such as payment ability, risk prevention and security level.