What is the basic old-age insurance payment base?

Social insurance base, referred to as social insurance base, refers to the social insurance payment base of employees in a social security year. It is determined according to the average monthly wage income of employees from June 1 day to February 1 day in the previous year. 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. . [1] Chinese name. Social insurance base. mbth。 Social insurance base. Function. The payment base of basic old-age insurance refers to the base for the insured to pay the old-age insurance, which is the base for calculating the amount of old-age insurance that should be paid, and is also an important basis for the insured to enjoy the old-age insurance benefits. The payment base of China's endowment insurance is generally calculated according to the average salary of employees in the previous year. Under special circumstances, there are upper and lower limits. If my average monthly salary is lower than 60% of the local average monthly salary, I will pay 60% of the local average monthly salary; If it exceeds 300% of the average monthly salary of local employees, it will be paid according to 300% of the average monthly salary of local employees, and the excess will not be recorded in the base of payment salary or pension. The specific deposit base is determined according to the local actual situation.