What does the total social security amount mean?

The total wages paid by social security is actually the fees paid by social security, and the relationship with the total wages should be the proportion of the total wages.

Social security should be paid according to the actual income of employees. If the wages of employees are lower than 60% of the local social average wage, they shall be paid at 60% of the social average wage, and if they are higher than 300%, they shall be paid at 300% of the social average wage. In between, it should be paid according to the actual salary.

The payment base is not equal to the basic salary or the total salary, but it is related to the total salary. Social security payment base, also known as social insurance payment base, is the basis for insured units and insured persons to pay social insurance premiums. Social insurance payment base × payment ratio = social insurance premium payable. For example, the average social wage 1000 yuan, and the payment base can be 600 yuan-3,000 yuan.

The total wages paid by social security are actually the expenses paid by social security, and the relationship with the total wages should be the proportion of the total wages. Although social security payment is quite stressful for ordinary farmers, it plays a very important role in protecting their old age. Anyone who has worked in society or engaged in social work should know that everyone needs to pay social security, and the amount paid by social security is generally related to the total salary. Social security, as its name implies, is social insurance, a relief system for special people, among which medical insurance and endowment insurance should be the most familiar.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 72

Set up social insurance agencies in the overall planning area. According to the needs of the work, with the approval of the local social insurance administrative department and the organization management organ, the social insurance agency may set up branches and service outlets in this overall planning area. The personnel expenses of social insurance agencies and the basic operating expenses and management expenses incurred in handling social insurance shall be guaranteed by the finance at the same level in accordance with state regulations.

Article 73

Social insurance agencies shall establish and improve business, finance, safety and risk management systems. Social insurance agencies shall pay social insurance benefits in full and on time.