The payment base of Guangxi people's society over the years

The payment base of Guangxi people's society over the years refers to the payment base determined according to the actual monthly income of employees, which will be uniformly adjusted and announced every year. In 2023, the payment base of Guangxi people's society over the years was 8430 yuan.

The payment base of Guangxi people's society over the years refers to the highest and lowest limits of the social insurance payment base calculated according to the prescribed proportion in the monthly income of employees insured in Guangxi. According to Regulations on Industrial Injury Insurance in Guangxi Zhuang Autonomous Region, Regulations on Unemployment Insurance in Guangxi Zhuang Autonomous Region and Regulations on Basic Old-age Insurance for Urban Employees in Guangxi Zhuang Autonomous Region, the human and social departments in Guangxi will adjust the payment base according to the actual monthly income of enterprise employees every year and issue the latest standards. At present, the payment base of Guangxi people's society has been announced in 2023, which is 8430 yuan, higher than the previous year's level. At the same time, it should be noted that for some industries or special circumstances, there may be different payment policies, which shall be subject to the local official notice. The adjustment of the payment base will not only affect the social insurance benefits of employees, but also affect the social insurance payment amount of employers. Therefore, enterprises need to pay attention to the latest payment standards and adjust employment policies in time to avoid mistakes or loopholes in the payment process.

If an individual's monthly income is higher than the payment base, can he only pay social security according to the payment base? No. Although employees' monthly income may be higher than the payment base, employees still need to continue to pay social insurance premiums in accordance with the prescribed proportion. However, the part that exceeds the payment base will no longer be paid according to the original proportion, and the payment ratio needs to be agreed separately. The specific proportion is generally determined through consultation between employees and employers, and must also comply with the relevant provisions of local social security policies.

The payment base of Guangxi people's society over the years is one of the important standards of social insurance payment for enterprise employees, and it will be adjusted every year according to the actual situation. Enterprises and employees need to pay attention to the latest payment standards, pay social insurance premiums in strict accordance with regulations, and protect employees' social insurance rights.

Legal basis:

People's Republic of China (PRC) Social Insurance Law Article 71 The state establishes a national social security fund, which consists of funds allocated by the central government and raised by other means approved by the State Council, to supplement and regulate social security expenditure. The national social security fund is managed and operated by the national social security fund management and operation organization, and the value is maintained and increased on the premise of ensuring safety. The national social security fund shall regularly announce the income and expenditure, management and investment operation to the public. The financial department, social insurance administrative department and auditing organ of the State Council supervise the revenue and expenditure, management and investment operation of the national social security fund.