Hengshui social security payment base

Hengshui social security payment base refers to the amount of wages paid by individuals and units when paying social security fees, which is adjusted according to state regulations every year.

The base of social security payment in Hengshui refers to the amount of wages paid by individuals and units participating in social insurance in Hengshui. According to national regulations, the social security payment base will be adjusted every year to adapt to economic development and price changes. The adjustment standard of social security payment base is generally determined according to 80% to 120% of the average monthly salary of employees in this city last year. If the average monthly salary of employees in the whole city increases by more than 10% or decreases by more than 5% over the previous year, the upper or lower limit of the social security contribution base can be raised or lowered accordingly. The determination of the payment base involves the social security expenses of individuals and units. For individuals, the higher the payment base, the more social security benefits they get. For the unit, the payment base is an important factor in determining the amount of social insurance premiums paid.

What is the relationship between payment base and individual pension? The payment base is one of the important factors that affect individual pension. In China, the more individuals pay for social security, the higher the pension they can get in the future. In addition, if individuals have been paying according to the minimum payment base, the pension income will be lower in the future.

The social security payment base of Hengshui City is one of the important factors that affect the social security payment and future pension income of individuals and units. For units and individuals, understanding and mastering the adjustment of payment base and related regulations is conducive to better participating in social security contributions and enjoying social security benefits.

Legal basis:

"People's Republic of China (PRC) Social Insurance Law" Article 40 The collection ratio and payment base of social insurance premiums shall be stipulated by the State Council, but it shall be kept reasonable and stable; The employee payment base shall not be lower than the minimum wage standard of this Municipality.