Why is the minimum payment base of social security in a third-tier city in Luoyang more than 3,000, while that in Shenzhen is only more than 2,000? Is it Luoyang?

Why is Luoyang a third-tier city with a minimum social security payment base of more than 3,000, while Shenzhen has only more than 2,000?

The setting of the minimum payment base of social security is usually related to many factors, including but not limited to the average wage of local society, the minimum wage standard, the cost of living and so on. Due to the difference of economic development level and living cost in different cities, the minimum payment base of social security will be different.

In Luoyang and Shenzhen, due to the different economic development level and minimum wage standard, the minimum payment base of social security is also different. As a first-tier city, Shenzhen has a high level of economic development and a relatively high minimum wage, so the minimum payment base of social security is relatively low. As a third-tier city, Luoyang has a relatively low level of economic development and a low minimum wage, so the minimum payment base of social security is relatively high.

To sum up, the setting of the minimum payment base of social security is influenced by many factors, and it is normal that there are differences between different cities. This is to ensure that the social security system of each city can provide basic protection for local residents and adapt to the economic and social development level of different cities.

Legal basis:

The Social Insurance Law of People's Republic of China (PRC) stipulates: "Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. " In addition, the Interim Regulations on the Collection and Payment of Social Insurance Premium also stipulates that the employer shall declare the amount of social insurance premium that should be paid to the social insurance agency and pay the social insurance premium in full and on time. The specific situation of different cities is different, and the setting of the minimum payment base of social security will be different.