Shanghai social security minimum payment base 2024

The minimum payment base of social security in Shanghai in 2024 is the same as that of the previous year, and it is still 4927 yuan/month. According to this standard, the minimum payment standard of social security for employees in Shanghai is 5 16.8 yuan. The base standard of social security payment is adjusted according to the average wage level of employees in urban units in the previous year. Last year, the average wage level of employees in urban units in Shanghai was 9580 yuan/month (1 14962 yuan/year).

The benefits and uses of paying social security are as follows:

1, old-age insurance: you can get a pension after retirement.

2. Maternity insurance: you can reimburse the medical expenses caused by childbirth, and you can also receive maternity allowance.

3. Medical insurance: compensation for economic losses caused by illness risk.

4. Work-related injury insurance: Personal injuries caused by work-related casualties can be reimbursed.

5. Unemployment insurance: temporarily interrupt the source of life due to unemployment and provide help.

To sum up, the minimum payment base of social security in Shanghai in 2024 is determined to be 73 10 yuan, which is of great significance for safeguarding the legitimate rights and interests of employees and corporate compliance.

Legal basis:

People's Republic of China (PRC) social insurance law

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The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to get material help from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.

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The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.