Adjustment time and calculation method of Shanghai social security base

The adjustment time of Shanghai social security base is July 2023 1. According to official website of Shanghai Human Resources and Social Security Bureau, the upper limit of the calculation method is 3 times of the average monthly salary, and the lower limit is 60% of the average monthly salary. In 2022, the average wage of employees in all-caliber urban units in Shanghai will be 1.2 1.83 yuan/month. Based on this calculation, from July 1 day, 2023, the upper limit of Shanghai social security payment base will be adjusted to 36,549 yuan/month, and the lower limit will be adjusted to 7,365,438 yuan/month. The concept of SocialInsurance refers to a social and economic system that provides income or compensation for people who are unable to work, temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.