What does the adjustment of social security base mean?

The meaning of social security base adjustment is as follows:

Social security base, that is, social insurance payment base, refers to the social insurance payment base of employees in a social security year. According to the average monthly wage income of employees from June 1 to February 1 of the previous year. The social security base is an important basis for calculating the social security fees and social insurance benefits that employers and employees should pay. There are upper and lower limits on the social security base, depending on the actual situation in each region.

Adjustment of social security payment base:

1. Definition: It refers to the corresponding adjustment of the social insurance payment base according to the regional economic development level and the change of the average salary of employees;

2. Reasons for adjustment: reflect economic development, safeguard the interests of employees, and maintain the balance of social security funds;

3. Adjustment time: generally once a year, the specific time is determined by the local human resources and social departments according to the local actual situation;

4. Adjustment basis: based on the average wage data of employees in the previous year and relevant policies and regulations;

5. Influencing factors: regional economic growth rate, price index, wage increase of employees, etc.

6. Adjustment result: It affects the amount of social security contributions of individuals and units, and may increase or decrease the burden of payment.

To sum up, the social security adjustment base is the social insurance payment base determined according to the average monthly wage income of employees in the previous year, which is used to calculate the social insurance premiums and social insurance benefits that employers and employees should pay, and the specific amount depends on the actual situation in each region.

Legal basis:

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

essay

The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.