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Why Hangzhou's social security is higher than Shanghai's
The reason the city's social security is higher than Shanghai's is because of the high base of payment and the variety of social security.
1, the payment base is high: social security payment base is calculated based on the average monthly salary of the previous year, Hangzhou's average salary may be higher than that of Shanghai, resulting in a higher payment base.
2. The types of social security in Hangzhou include medical insurance, pension insurance and unemployment insurance, while Shanghai only includes medical insurance and pension insurance. Therefore, when comparing social security costs, you need to consider the types of social security and coverage in different cities.
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