Shanghai social security payment base

Shanghai Social Security Bureau released the information on the adjustment of social security payment base in 2024, and the new minimum social security level was set at 6520 yuan. According to relevant laws and regulations, this standard is set with reference to 60% of the social wage of the previous year. In recent years, due to the steady growth of social wages, the social security payment base has also been adjusted and improved accordingly. Dear friends, when reporting the monthly salary of employees, we will calculate it according to their monthly average level; Even if the monthly salary is lower than the amount stipulated in the insurance premium, you still need to pay the due fees according to this regulation. Dear colleagues in the social insurance department and friends from the general public, I hope to share your concern about this information: in order to keep up with the rapid development of the economy and employment situation and earnestly safeguard the most basic social security rights and interests of every employee, we have decided to make appropriate adjustments to the social security payment base. According to the current laws and regulations in Shanghai, the sharing of social security benefits between employers and employees has been clarified. For example, the employer should bear 16% pension insurance, 9% medical insurance, current unemployment insurance, partial work injury insurance, residual insurance and 1% maternity insurance. As an employee, you only need to pay 8% pension insurance, 2% medical insurance and the same proportion of unemployment insurance.