2020 Chengdu social security contribution base

The upper and lower standards for the contribution base of urban enterprise workers' pension insurance contribution wages are 300% and 40% of the average wage of on-the-job workers in urban non-private units in Sichuan Province, respectively. Employing units (including individual industrial and commercial households with employees) to declare the upper limit of the employee's contribution wage and the lower limit of the standard involved in the previous year's average wage of the province's employees, from January onwards at 65,781 yuan, of which the lower limit of 2,193 yuan / month, the upper limit of 16,445 yuan / month. Contribution base for medical insurance, unemployment insurance, work injury insurance and maternity insurance for urban enterprise employees. The upper limit and lower limit of the contribution wage standard, respectively, according to the degree of Chengdu City, the average wage of all units of urban employment of 300% and 60% of the implementation;

Legal basis: "the General Office of the People's Government of Sichuan Province on the issuance of the implementation of measures to reduce the rate of social insurance premiums in Sichuan Province"

(b) Improvement of the contribution base for the individual industrial and commercial enterprises and the flexibly employed persons. The lower limit of the basic pension insurance contribution base for enterprise employees is in accordance with the proportion of the "Notice of the General Office of the People's Policy of Sichuan Province on Issues Related to the Strengthening of the Management of the Pension Fund Income and Expenditures of Enterprise Employees" (Sichuan Banfa [2018] No. 59) transitioning from one year to the next, of which:50% of the average salary of the province's full-caliber urban unit employment personnel in the previous year in 2019, 55% in 2020, and 2021 60%; the upper limit of the contribution base is 300% of the average salary of the employed persons in urban units of the full caliber of the province in the previous year. Starting from May 1, 2019, individual business households and flexibly employed persons participating in the basic pension insurance for enterprise employees can choose the appropriate contribution base between the upper and lower limits of the contribution base, and the specific contribution base grades will be determined by the localities in accordance with the principles of convenience and standardized management.

After adjusting the calculation caliber of the average salary of employed persons, the specific standard of the upper and lower limits of the individual contribution base for pension insurance each year will be determined and announced by the Department of Human Resources and Social Security in conjunction with the Department of Finance on the basis of the "Announcement of the Annual Average Salary of Employed Persons in All Units of the Province's Towns and Cities" issued by the Provincial Bureau of Statistics. The relevant departments of the provincial department will formulate a program for adjusting the revenue budget of the social insurance fund in 2019 in accordance with the policy changes.