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What is the pension insurance contribution base in Shandong Province?
The pension insurance contribution base in Shandong Province is determined based on the average salary of local on-the-job workers.In 2017, the average salary of on-the-job workers in Shandong Province was 63,562 yuan, a value that becomes the basis for calculating the social security contribution base. Generally speaking, the minimum monthly contribution base is 60% of the average monthly salary of in-service employees, i.e., RMB 63,562 divided by 12 months and multiplied by 60% equals to RMB 3,178. The upper limit of the monthly contribution base, on the other hand, is 300% of the average monthly salary of employed workers, i.e., 63,562 yuan divided by 12 and multiplied by 300%, equal to 15,890 yuan.
For urban self-employed and flexibly employed people, their minimum monthly contribution base is the same as the minimum standard, which is 3,178 yuan. The maximum monthly contribution base is different, according to the regulations, for the province's average monthly salary of on-the-job workers, the specific value is not given in the text, but we can speculate that it will be higher than 3,178 yuan. It is worth noting that if an individual's contribution base between 2910 yuan and 3178 yuan, will be uniformly adjusted to the standard of 3178 yuan. Therefore, the actual contribution, the specific amount will be calculated according to the individual's actual salary and the above provisions.
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