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How to adjust social security when wages increase?
During the reporting period of the annual base, the unit shall report the base according to the average salary of each person in the previous year. If the reporting base is lower than the minimum base set by the local social security bureau, the fee will be deducted according to the minimum base. If the reporting base is higher than the minimum base, the expenses shall be deducted according to the reporting base.
Legal basis: Article 18 of the Social Insurance Law of People's Republic of China (PRC) establishes the normal adjustment mechanism of the basic pension. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner.
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