Minimum base of social security accumulation fund in Guangzhou

The minimum base of social security accumulation fund in Guangzhou is determined according to the local economic development level and price level, aiming at protecting the basic rights and interests of employees.

Guangzhou municipal government will adjust the minimum base every year according to the actual situation to adapt to the development and changes of social economy.

First, the significance of the minimum base of Guangzhou social security provident fund

Social security accumulation fund is a basic welfare of employees, involving pension, medical care, housing and many other aspects. The setting of the minimum base is to ensure that every employee can enjoy certain social security provident fund benefits and avoid not getting due protection because of low income. At the same time, the adjustment of the minimum base is also one of the important means for the government to regulate the social economy and protect people's livelihood.

Second, the determination and adjustment of the minimum base of Guangzhou social security provident fund

The determination and adjustment of the minimum base of social security accumulation fund in Guangzhou shall be implemented by the Guangzhou Municipal Government in accordance with relevant laws, regulations and policies. When determining the minimum base, the government will comprehensively consider the local economic development level, price level, employee income level and other factors to ensure that the minimum base can truly reflect the basic living needs of employees. At the same time, the government will adjust the minimum base in time according to the social and economic development and changes to protect the rights and interests of employees.

Third, the practical application of the minimum base of Guangzhou social security provident fund.

The setting of the minimum base of Guangzhou social security provident fund is of great significance to employees and enterprises. For employees, the minimum base is the minimum guarantee for them to enjoy social security provident fund treatment, ensuring that they can get certain financial support when they encounter risks. For enterprises, the setting of the minimum base is also helpful to standardize the employment behavior of enterprises, protect the legitimate rights and interests of employees and promote the healthy development of enterprises.

To sum up:

The minimum base of Guangzhou social security provident fund is an important measure to protect the basic rights and interests of employees, and its determination and adjustment are carried out by the government according to laws, regulations and policies. The setting and adjustment of the minimum base is not only related to the personal interests of employees, but also related to the employment behavior of enterprises and the economic development of society. Therefore, the government, enterprises and employees should pay close attention to and abide by the relevant regulations to ensure the normal operation of the social security provident fund system and the protection of employees' rights and interests.

Legal basis:

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

Article 10 stipulates:

Employees should participate in basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, and employers and employees should jointly pay basic old-age insurance, basic medical insurance and unemployment insurance.

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

Article 60 provides that:

The payment base and rate of social insurance premiums shall be implemented in accordance with the provisions of the State Council.

Regulations on the administration of housing provident fund

Article 16 stipulates:

The monthly deposit amount of employee housing provident fund is the average monthly salary of employees in the previous year multiplied by the deposit ratio of employee housing provident fund. The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.