Base of social security payment in Hunan Province

The base of social security payment in Hunan Province refers to the basis on which employees who participate in social insurance should pay social insurance premiums in a certain period of time, and its amount is formulated and published by the Hunan Provincial Department of Human Resources and Social Security.

The base of social security payment in Hunan province refers to the basis on which employees who participate in social insurance must pay social insurance premiums in accordance with regulations within a certain period of time. According to the relevant regulations of the state, the Hunan Provincial Department of Human Resources and Social Security will formulate and publish the social security payment base for that year every year. Specifically, the base of social security payment in Hunan Province includes five social insurances: basic old-age insurance for urban workers, unemployment insurance, industrial injury insurance, medical insurance and maternity insurance. Among them, the basic old-age insurance, unemployment insurance and work-related injury insurance for urban employees are not less than 60% of the average wage of employees in the province last year. The medical insurance base is linked to the average wage of employees, and the maternity insurance base is the minimum wage standard in this province. In practice, units and individuals need to pay social security fees according to their own conditions. Units should be calculated according to the actual wages of employees, but not lower than the local minimum wage; The individual payment amount is calculated according to a certain proportion of the social security payment base.

Why is there the concept of social security payment base? The establishment of social security payment base is to unify the payment basis of the insured and ensure the fairness and sustainability of social insurance. By establishing the social security payment base, we can ensure the reasonable payment level of the insured's pension, medical expenses and maternity allowance. It also avoids the social rebound caused by excessive collection of individual high-income people.

The base of social security payment in Hunan province is the basis for the insured to pay social security fees. The establishment and publication of social security payment base aims at ensuring the fairness and sustainability of social insurance. At the same time, the social rebound caused by excessive payment by high-income groups can also be effectively avoided through the social security payment base system.

Legal basis:

Article 14 of the Social Insurance Law of People's Republic of China (PRC) shall be determined by the social insurance premium collection agency in accordance with the provisions of this Law. The maximum and minimum payment bases shall be formulated by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government and reported to the Ministry of Finance for the record.