20 16 adjustment of Wuhan social security payment base how to calculate the latest Wuhan social security payment base?

The social insurance payment base is an important basis for calculating the social insurance premiums and social insurance benefits paid by employers and their employees. There are upper and lower limits, depending on the actual situation in each region.

The individual contribution base of the insured person is the average monthly salary of the previous year, and the guarantee is capped according to the policy. The minimum payment base is not less than 60% of the average monthly salary of employees in the province last year, and the maximum is not higher than 300% of the average monthly salary of employees in the province last year.

The employee's individual contribution rate is 8% of the individual contribution base, and the employer's contribution rate of basic old-age insurance is 20% of the unit contribution base. The economic level varies from place to place, so the payment base is also different.