How many months does Beijing Social Security adjust its base every year?

Legal analysis: the social security payment base is adjusted once a year in July, and the upper and lower limits of the new payment base are determined according to the social wage of the previous year. When the social security payment base is adjusted once a year, the Social Security Bureau will also require institutions to declare and adjust the payment base according to the average salary of employees in the previous year. The principle of adjustment is to get the new social security payment base of the year by taking the monthly average according to the total wage income of employees in the previous year. After determining the social security payment base in July of that year, it will be implemented from July of that year to June of the following year.

Legal basis: According to Article 15 of the Social Insurance Law of People's Republic of China (PRC), the basic pension consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc. According to the first paragraph of Article 16 of the Social Insurance Law of People's Republic of China (PRC), individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid the accumulated contributions for fifteen years.