How much does the company pay for the minimum social security?

The minimum amount of social security paid by the company needs to be determined according to 60% of the local social wages.

The minimum standard for enterprises to pay social security for employees is 60% of local social wages, and the specific amount will change with the change of employees' wages. The employing unit shall declare itself and pay social insurance premiums in full and on time, and shall not postpone or reduce the payment unless there are legal reasons. If the employer fails to pay the social insurance premium in full and on time, the social insurance premium collection agency will order it to pay or make up within a time limit. Such regulations ensure that employees can obtain basic social security and urge enterprises to abide by the payment regulations of social insurance premiums.

Social security payment base:

1, determination of payment base: usually based on the average monthly salary of employees in the previous year, combined with the average wage level of the local society;

2. The upper and lower limits of the payment base: it is generally set at 60% to 300% of the average wage of the local society, and the specific proportion is stipulated by the local social department;

3. Adjustment of payment base: according to the local economic development level and the change of social average wage, it will be adjusted every year;

4. The role of payment base: it affects the amount of social security contributions of individuals and units, and then affects the future social security benefits of individuals;

5. Inquiry of payment base: You can know the standard of social security payment base in the current year through the official website of the local social security bureau or the consultation window.

To sum up, according to the calculation of 60% of local social security wages, the minimum amount of social security paid by the company will change, and the employer must pay social insurance premiums in full and on time, otherwise it will be ordered to pay or make up within a time limit. Such regulations protect employees' basic social security rights and urge enterprises to abide by social security payment regulations.

Legal basis:

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

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.