Job Recruitment Website - Social security inquiry - How often does social security go up?
How often does social security go up?
Legal analysis: Social security is a social welfare policy, but the amount of social security payment is not fixed. It is basically adjusted once a year in July, and the upper and lower limits are determined according to the changes in the overall income of the society, and the enterprises and employees bear part of it respectively.
Legal basis: Article 18 of the Social Insurance Law of People's Republic of China (PRC) establishes the normal adjustment mechanism of the basic pension. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner.
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