What are the benefits of increasing the social security base?

Yes, the social security base can be increased or decreased. According to national regulations, the base of social security payment is based on the average monthly salary of employees. As the wages of employees increase, the payment base will increase. If the wages of employees do not increase, the payment base will not be adjusted, but if it is lower than 60% of the average social wage, it will be paid according to 60% of the average social wage. Therefore, the payment base of employee pension insurance can only be increased, not decreased. Live employment is based on the average social wage, and the social security department has set different payment grades of 60% to 300% of the average social wage. Insured people can choose their own grades to pay. If you chose the high match that year, you can also choose the high match next year, which is dispensable.

Legal basis:

Article 27 of the Labor Security Supervision Regulations, if an employer conceals the total wages or the number of employees when reporting the amount of social insurance premiums that should be paid to the social insurance agency, the administrative department of labor security shall order it to make corrections and impose a fine of not less than 0 times but not more than 3 times the total wages.

Defrauding social insurance benefits or defrauding social insurance fund expenditures, the administrative department of labor security shall order it to be returned, and impose a fine of not less than 0 times but not more than 3 times the amount defrauded; If a crime is constituted, criminal responsibility shall be investigated according to law.