Jiangyin Social Security Individual Payment Standard 2022

Legal analysis: the social security payment standard is related to two factors, one is the payment base and the other is the payment ratio. The payment base is generally determined according to the average wage income of employees in the previous year for twelve months. Wages usually include: bonuses, overtime pay, subsidies and allowances. The minimum payment base is 60% of the average wage of employees in the city last year, and the maximum payment base is 300% of the average wage of employees in the city last year. The payment ratio is about 3 1.8% for the unit and 1 1% for the individual. This standard will be slightly adjusted according to local conditions.

Legal basis: Article 8 of the Administrative Regulations on the Declaration and Payment of Social Insurance Fees in People's Republic of China (PRC), the employing unit shall register social insurance for its employees and declare and pay social insurance fees 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.

If the employer fails to declare the amount of social insurance premiums payable according to the regulations, the social insurance agency shall temporarily determine the amount payable according to 1 10% of the amount payable by the unit last month, and the social insurance agency shall temporarily determine the amount payable according to the operating conditions of the unit, the number of employees and the average salary of local employees in the previous year. After the employer completes the declaration procedures, the social insurance agency shall settle the accounts in accordance with the provisions.