What does the amount of social security individual contributions mean?

Legal analysis: the base of social insurance payment refers to the base of various insurances paid by social insurance participants within one year. Declared by the employer is an important calculation basis for the insured to enjoy social insurance benefits. The higher the base of general social security contributions, the more disposable medical expenses and the higher the pension received at retirement.

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

Article 58 An employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay. Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration. The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.