Shanghai social security ceiling

In 2024, the upper limit of Shanghai social security payment base is 34 188 yuan/month, and the lower limit is 6520 yuan/month. Shanghai social security, that is, Shanghai's social insurance system, is an institutional arrangement aimed at providing material assistance to citizens in old age, illness, work injury, unemployment and childbirth. Social insurance mainly includes the following five aspects:

1. Basic old-age insurance: The insured person pays a certain number of years according to the national regulations, and can receive a pension after reaching the statutory retirement age to ensure the basic life after retirement.

2. Basic medical insurance: provide the insured with reimbursement of medical expenses in case of illness or non-work-related injury, and reduce the economic burden.

3. Unemployment insurance: When employees are unemployed after the contract is terminated by the unit, they can receive a certain amount of living allowance to alleviate the economic pressure during unemployment.

4. Work-related injury insurance: provide treatment expenses and related treatment for workers with work-related injuries, reduce the burden on enterprises, and ensure that workers with work-related injuries get necessary compensation.

5. Maternity insurance: provide employees with subsidies and reimbursement of related expenses during childbirth, and reduce the economic burden of employees.