What does the social security base have to do with wages

The social security base and wages are directly linked. Social security base is calculated as follows: your salary is lower than the lower limit of social security base, according to the lower limit of base payment. If higher than the lower limit, according to the actual last year's average annual salary. New employees for the first month's salary for the base; old employees social security base adjusted to the average monthly salary of the previous year for the base, such as wages below or above the local minimum or maximum social security base, to the minimum or maximum social security base for the payment of the base.

Specific calculation of social security contributions

1. Pension insurance: the unit pays 22% of the employee's gross salary, and the individual 8%.

2. Medical insurance: if the contribution rate is 9.5%, the unit pays 7.5% and the individual pays 2%.

3. Worker's compensation insurance: Worker's compensation insurance is fully contributed by the unit, and the contribution rate can be 60% or 100% of the social level base.

4. Maternity insurance: Maternity insurance is fully paid by the unit, and the contribution rate is generally 6%.

5. Unemployment insurance: you can pay 3% of 60% of the social level base.

Social security is the abbreviation of social property insurance. Is the state through the legislation to establish a kind of social fundamental guarantee norms. The intention is to make workers due to old age, illness, disability, idleness, childbirth and other reasons, temporary or permanent loss of work party, suspension of work, themselves or their families lost daily income, can from the society (the state) to obtain financial compensation and material assistance, to ensure that the basic daily a kind of social security norms. Social security is fundamentally a national welfare.

Social security consists of five types of insurance:

pension, medical care, work injury, idleness, maternity. Another provident fund is only available in some units. Employee social security contribution method: (work injury, pending, maternity three types of insurance does not require personal contributions, all by the unit contributions)

Legal basis

"Regulations for the Implementation of the Social Insurance Law"

Article 3 Participation in the basic pension insurance for employees after the individual reaches the statutory retirement age, the cumulative contribution of less than fifteen years (including extension of the contribution according to the provisions of Article 2), may apply for to be transferred to the new type of rural social pension insurance or urban residents' social pension insurance in the place where their household registration is located, and enjoy the corresponding pension insurance benefits.

If an individual who has participated in the basic pension insurance for employees reaches the statutory retirement age and has made contributions for less than fifteen years (including the extension of contributions in accordance with the provisions of Article 2) and has not been transferred to the new type of rural social pension insurance or the social pension insurance for urban residents, the individual may apply in writing for termination of the basic pension insurance relationship of the employee. Upon receipt of the application, the social insurance agency shall inform the individual in writing of his or her right to transfer to the new rural social pension insurance or urban residents' social pension insurance and the consequences of terminating the employee basic pension insurance relationship, and upon written confirmation by the individual, terminate his or her employee basic pension insurance relationship, and pay to him or her the amount of money stored in his or her individual account in a lump sum.

The Social Insurance Law of the People's Republic of China

Article 12: Employers shall pay the basic pension insurance premiums in accordance with the proportion of the total wages of the employees of the organization as stipulated by the State, which shall be credited to the Basic Pension Insurance Coordination Fund.

Employees shall pay basic pension insurance premiums in accordance with the proportion of their own wages prescribed by the State and credited to their individual accounts.

Article 15: The basic pension consists of the coordinated pension and the individual account pension.

The basic pension is determined according to the cumulative number of years of contributions made by the individual, the salary paid, the average salary of local workers, the amount of the individual account, and the average life expectancy of the urban population.

Article 35 Employers shall pay work-related injury insurance premiums in accordance with the total wages of the employees in the unit and at the rate determined by the social insurance agency.