What is the payment base of social security?

? The payment base of social security refers to the salary income of the insured in the previous year: if the salary income of the insured is higher than 300% of the average salary of the local employees in the previous year, 300% of the average salary of the employees in the previous year is used as the payment base; If the wage income of the insured is lower than 60% of the local average wage of employees in the previous year, 60% of the local average wage of employees in the previous year will be used as the payment base; If the salary of the insured is between 300% and 60%, it shall be declared according to the facts.

The upper and lower limits of the annual social security base are determined according to the average wage of the whole province announced by the Statistics Bureau last year: the lower limit of the base is 60% of the average wage of the whole province last year, and the upper limit of the base is 300% of the average wage of the whole province last year. 202 1 According to the weighted average salary of employees in non-private and private units in Zhejiang Province in 2020, the upper limit of social insurance payment base in 202 1 Zhejiang Province is 19783 yuan and the lower limit is 3957 yuan. The social security payment base of enterprise employees is based on the average monthly salary of employees in the previous year declared by the employer, and the first monthly salary of employees or newcomers newly established by the employer is the base. If it is lower than 60% of the average monthly salary of employees in the province last year, the social security payment base will be determined by 60%, and if it is higher than 300% of the average monthly salary of employees in the province last year, it will be capped by 300%. Flexible employees can choose according to the upper and lower limits of enterprise employee payment base.

? According to Article 2 of the Social Security Law, the state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to protect citizens' right to get material help from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.