How to calculate the social security factor 0.1-0.24

The calculation method is that the employee's social security cost is equal to the social security base multiplied by the social security coefficient, this is because the social security base is calculated based on the locally stipulated minimum wage, while the social security coefficient reflects the ratio of the individual's share of the social security cost. This ratio is set by the local government according to the state of economic development and social security needs to ensure the sustainability and fairness of the social security system.

By setting different social security coefficients, the burden of individuals and the state can be balanced to ensure the normal operation of the social security system. Therefore, the social security coefficient plays an important role in the basic medical insurance for urban workers, which relates to the degree and level of individual participation in social security.