Measures of Beijing Municipality on Adjustment of Social Security Base in July

Legal analysis: the minimum base of old-age insurance is 36 13 yuan, the proportion of unit contribution is 16%, and the proportion of individual contribution is 8%.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 1 This Law is formulated for the purpose of regulating insurance activities, protecting the legitimate rights and interests of the parties involved in insurance activities, strengthening the supervision and management of the insurance industry, maintaining social and economic order and social public interests, and promoting the healthy development of the insurance industry.

Article 2 The term "insurance" as mentioned in this Law refers to the commercial insurance behavior in which the applicant pays the insurance premium to the insurer in accordance with the contract, and the insurer is liable for the property losses caused by the possible accidents agreed in the contract, or when the insured dies, is disabled or sick, or reaches the age and time limit agreed in the contract.