What do you mean by social security?

Social security payment is based on the year and will be adjusted according to the old base, and the difference will be paid according to the difference between the new base and the old base.

At the beginning of the annual social security inspection, a new base was reported. It comes from the average salary of employees in the last year. After confirmation, the deduction will be made according to the new base. But the annual base will be adjusted according to the old base. Make up the difference according to the difference between the new base and the old base. At the beginning of the year, the new base of the social security annual inspection times was obtained from the average salary of employees in the previous year. After confirmation, all insurance will be deducted according to the new base. However, it is supplemented year by year according to the items deducted from the old base before adjustment, and all of them are supplemented according to the difference between the new base and the old base. The payment of endowment insurance is determined according to the payment base of the parties concerned, but the payment base is based on the local social wages of employees in the previous year, and the social wages can only be announced around May of the following year. Before the announcement, the insurance premium can only be paid in advance according to the payment base of the previous year.

Composition of social security:

1. Social security difference: refers to the difference between the declared social security base and the average social security contribution base announced by the Social Security Bureau in that year.

2. For example, when the average social security payment salary was 2,000 yuan, the enterprise declared 1980 yuan, so as long as the employees who are on-the-job insured, each person needs to pay the difference of 20 yuan every month.

To sum up, the annual social security inspection at the beginning of each year has reported a new base, which comes from the average salary of employees in the previous year. After confirmation, all insurance will be deducted according to the new base. However, in years, the items deducted from the old base before adjustment will be supplemented by the difference between the new base and the old base.

Legal basis:

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

Article 58

It is stipulated that the employer shall handle social insurance registration for employees within 30 days from the date of employment. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.