Why is Shanghai's social security so high

Because the average annual salary of social security participants in the Shanghai area has been rising. How much the five insurance and one gold payment is determined by the local social security and provident fund contribution base, which is determined by the average salary

In other words, if the average salary of the insured workers in the region is rising every year, then the five insurance and one gold payment base will be adjusted upward every year.

Expanded Information:

Social security cost = social security base * social security payment ratio; where social security base is the employee's social security contribution base for a social security year. It is determined by the monthly average of all wage income earned by the employee from January to December of the previous year.

The upper and lower standards for the social security contribution base in Shanghai in 2020 are based on 28,017 yuan per month and 4,927 yuan per month. Affected by the epidemic, from 2020 onwards, the social insurance contribution year for Shanghai employees will be adjusted to July 1 of the current year to June 30 of the following year.

Higher social security base: a higher social security payment base will result in a higher rate of receipt or reimbursement when the time comes.

Low social security base: a low social security payment base will result in a low rate of receipt or reimbursement.

High social security base: high base, more housing fund loans.

Low social security base: low base, less housing fund loans.

High social security base: higher monthly salary and less personal tax.

Low social security base: monthly salary drops, more personal tax.

1, China's pension and medical insurance are to take the unity of the combination of operation, that is, the individual to pay a part of the state or unit and then pay a part of the corresponding proportion of the two parts of the funds made up of the individual account fund.

2, the state or unit to pay the proportion of reference to the proportion of individuals to pay, generally one to one, and individuals to pay how much depends on the social security base, so the base of the impact on the pension is decisive. The base is high, although the personal burden will be more, but relatively speaking, the enterprise will also pay more. You will also get more in the future.

3, if the social security base is three times the present, then the pension will be three times the present. Now the situation can go to the labor bureau inspection department to complain and apply for retroactive payment.