Basic payment base of social security

The payment base refers to the standard used to determine individuals and pay social security in place. The payment base usually refers to the basic base for the insured to pay social insurance, which is between 60% and 300% of the average social wage. The calculation method of the payment base is that the payment base is multiplied by the payment ratio, which is the insurance premium that the parties need to pay. The social security payment base is determined according to the type of employees. In principle, only once a year. New employees are declared according to the salary of the month they joined the company, and old employees are declared according to the average salary of the previous year. There is a special situation here. There are upper and lower limits on the social security payment base. The maximum can not be higher than 3 times of the local social wage last year, and the minimum can not be lower than 60% of the local social wage last year. That is to say, employees whose wages are lower than 60% of the previous year's social wage will be paid at 60% of the social wage, and those who are higher than 200% of the previous year's social wage will be paid at 200%.

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

Article 4 Employers and individuals in People's Republic of China (PRC) shall pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Fifth people's governments at or above the county level shall incorporate social insurance into the national economic and social development plan. The state raises social insurance funds through multiple channels. People's governments at or above the county level shall give necessary financial support to social insurance. The state supports social insurance through preferential tax policies.