Kunming social security contribution base 2023

Kunming social security contribution base 2023 for individual social security contribution amount = individual social security contribution base × individual social security contribution ratio company social security contribution amount = company social security contribution base × company social security contribution ratio.

Social security contribution ratio consists of individual contribution and unit contribution, social security payment amount is different in each region, the base is based on gross salary. Since the contribution base and compensation base for the five major types of social security, including pension, work injury, medical care, maternity and unemployment, are all linked to the average salary of employees on the job in the previous year, an increase in the average salary level will bring about adjustments in each type of social security insurance.

From January 1, 2006, the Ministry of Human Resources and Social Security unified the size of the individual pension account from 11% of the person's contribution salary to 8%. The previous policy was that all personal contributions and 3 percent of unit contributions were credited to individual pension accounts. The 19 percent of the unit's contribution was transferred to social coordination, while the new policy will also transfer 3 percent of the unit's contribution to social coordination to solve the problem of empty pension accounts.

Benefits of social security

Pension insurance can be used to receive pension after retirement, funeral expenses and pension after the death of the insured person; medical insurance can be used to reimburse the medical expenses, enjoy the medical insurance treatment after retirement, etc. Unemployment insurance can be used to receive unemployment insurance, medical fee subsidies, etc.; work injury insurance can be used to pay for the cost of treatment, living care costs, and to pay for the cost of the injury. The unemployment insurance can be used to receive unemployment insurance benefits, medical expense subsidies, etc. The work injury insurance can be used to pay for work injury treatment costs, living care costs, disability benefits, disability allowance, etc. The maternity insurance can be used to pay for maternity-related medical expenses, receive maternity allowance, enjoy maternity leave, etc.

The most common use of the social security card is that it can be used to pay for medical treatment, even if you are hospitalized or undergo surgery, according to the proportion of reimbursement. Not only that, you can also buy drugs, which can make people's financial pressure reduced. Life is more comfortable, and will not worry about the cost of medical expenses.