Wuxi social security payment standard in 2023

The payment ratio is as follows: the payment base of five insurances and one gold is generally determined according to 60% to 300% of the average salary of employees in the previous year, which is embodied as: 1. Last year's average wage was 300% or more higher than the local average wage of employees at the end of last year, and the payment base of five insurances and one gold was calculated according to 300% of the monthly average wage; 2. If the average wage of last year is lower than 60% or less of the average wage of local employees at the end of last year, the payment base of five insurances and one gold shall be calculated according to 60% of the average monthly wage; 3. If the average salary of last year was between 60% and 300% of the average salary of local employees at the end of last year, the payment base of five insurances and one gold shall be declared according to the actual salary. This law is based on the Social Insurance Law.