What is the base of Hangzhou social security contributions in 2020

The minimum contribution base for Hangzhou social security in 2020 is 3321.6 yuan per month.

Which the contribution ratio is:

1, Pension insurance company pays 14%, individuals pay 8%;

2, Unemployment insurance company pays 0.5%, individuals pay 0.5%;

3, Workers' compensation insurance company pays according to the industry, individuals don't pay;

4, Maternity insurance company pays 1.2%, individuals don't pay;

5 Medical insurance company pays 10.5%, individuals pay 2%.

The amount of social security contributions to be paid in 2020 is: social security contributions to be paid = contribution base * contribution rate.

1, to the lower limit of the contribution base to calculate the amount of pension insurance contributions as an example of the cost borne by the individual: 3321.60 yuan * 8% = 265.73 yuan;

2, to the upper limit of the contribution base to calculate the amount of pension insurance contributions as an example of the cost borne by the individual: 17880.75 yuan * 8% = 1430.46 yuan.

Starting from July 2020, Hangzhou City District (excluding Lin'an District) enabled the 2020 social security contribution base. The latest contribution base is implemented in accordance with the average salary of 71,523 yuan of employed persons in all social units in Zhejiang Province in 2019, with the upper limit of the monthly contribution base at 17,880.75 yuan, and the lower limit continuing to implement the standard of the lower limit of the individual contribution base in 2019, which is 3,321.6 yuan. After the latest contribution base is activated, the amount of each contribution collected in advance in the first half of the year will be settled at the same time, and the excess will be refunded.

In summary, the minimum contribution base for Hangzhou social security in 2020 will be 3321.6 yuan per month. After the latest contribution base is activated, the amount of each contribution collected in advance in the first half of the year will be settled at the same time, and the more refunded, the less made up.

Legal basis:

Article 60 of the Social Insurance Law of the People's Republic of China

The employer shall declare and pay the social insurance premiums in full and on time, and shall not suspend or reduce the payment except for force majeure and other legal reasons. The social insurance premiums to be paid by employees shall be withheld and paid on behalf of the employer, and the employer shall inform the individual of the details of the payment of social insurance premiums on a monthly basis. Individual entrepreneurs without employees, part-time workers who do not participate in social insurance with the employer, and other flexibly employed persons can pay social insurance premiums directly to the social insurance premium collection organization.