Which is social security 618

Social Security 618 is the lowest bracket social security base. Social security 618 is the lowest grade social security base, means a month social security payment base is 618 dollars. Social security base is divided into four grades, divided into the lowest grade (40%), first grade (60%), second grade (80%), third grade (100%) four grades. The social insurance base, referred to as the social security base, is the base of the employee's social insurance contributions in a social security year. It is determined according to the monthly average of all wage income earned by the employee from January to December of the previous year. The social insurance contribution base is an important basis for calculating the social insurance contributions paid by the employer and its employees and the social insurance benefits of the employees, and there is an upper limit and a lower limit, and the specific amount depends on the actual situation in each region.