What is the social security base?

Legal analysis: social security base refers to the social insurance payment base of employees in a social security year, and the specific amount is determined according to the monthly average of all wage income from 1 to 12 in the previous year. The employer shall, in accordance with the relevant provisions of the state, pay the basic old-age insurance premium for the employees within the validity period. Unemployed, employees should pay in accordance with the proportion stipulated by the state. Under normal circumstances, the basic old-age insurance premium will be deposited into a personal account.

Legal basis: Article 12 of the Social Insurance Law of People's Republic of China (PRC), the employing unit shall pay the basic old-age insurance premium in proportion to the total wages of its employees as 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 shall pay the basic old-age insurance premiums in accordance with state regulations, and record them in the basic old-age insurance pooling fund and individual accounts respectively.