What does the social security contribution base mean?

Abstract: Social insurance payment 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.

Legal analysis: the social insurance payment base is referred to as the social security base, which 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. Social insurance refers to the basic old-age insurance, unemployment insurance and medical insurance premiums paid by both units and individuals when employees earn labor income within the legal working age. All kinds of insurance stipulate a certain proportion of contributions, such as 8% for old-age insurance, 2% for medical insurance and 0.5% for unemployment insurance. The payment base is the insurance payment base. Because insurance is paid monthly, it is also called monthly payment base.

The fixed individual contribution ratio is 8% of salary, and the unit contribution is 20%. Divide by 8% to know how much social security you have deducted.

The monthly payment base of social insurance is generally determined according to the average monthly salary of employees in the previous year, which is determined once a year. Once determined, it may not be changed within one year. According to the regulations, the average monthly salary of employees in the previous year is used as the monthly payment base for paying social insurance. However, if the average monthly salary of employees in the previous year is too high or too low, that is, it exceeds the upper or lower limit stipulated by social insurance, and the excess cannot be calculated as the payment base.

According to the regulations, the part where the average monthly salary of employees in the previous year was higher than 300% of the local social average salary was not calculated as the payment base, but only 300% of the local social average salary was calculated as the payment base; If the average monthly salary of employees in the previous year is lower than 60% of the local social average wage, the payment base shall be calculated according to 60% of the local social average wage.

Legal basis: Article 90 of the Social Insurance Law stipulates that if the social insurance premium collection agency arbitrarily changes the base and rate of social insurance premium payment, resulting in underpayment or overpayment of social insurance premium, the relevant administrative department shall order it to recover the social insurance premium that should be paid or refund the social insurance premium that should not be paid; The directly responsible person in charge and other directly responsible personnel shall be punished according to law.