What is the minimum payment base of Fuzhou social security?

Legal analysis: when the total wages of employees of the employer are lower than the minimum wage standard of local employees, the minimum wage standard is used as the payment base; When the total wage is higher than 300% of the average monthly wage of employees in this province last year, the basic old-age insurance premium will not be paid for the excess. The law has stipulated that employers should pay social insurance (pension, medical care, work injury, maternity, unemployment) and housing accumulation fund for workers, which is mandatory to some extent, that is to say, paying "five insurances and one gold" is independent of the wishes of workers or employers. Employers cannot refuse to pay insurance premiums for workers on the grounds that they agree not to pay "five insurances and one gold". The base of the basic old-age insurance premium shall not be lower than the minimum wage standard for local employees announced by the provincial people's government; If the average monthly salary of employees in this province last year exceeded 300%, 300% will be used as the base for paying the basic old-age insurance premium, and more than 300% will not pay the basic old-age insurance premium.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Fifteenth basic pension consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.