How to determine the social security payment base of retirees

According to the regulations, the average monthly salary of employees in the previous year is used as the base of social security payment this year, but there is still an interval, which is determined according to the local social security salary in the previous year. The minimum wage shall not be less than 60% of the average social wage, and the maximum wage shall be 300% of the average social wage.

But the actual payment of many enterprises is based on the lowest level.

For retirees, the minimum payment base is generally determined by 60% of the social wage. However, if the living expenses paid by retirees are higher than the minimum payment base, the payment base can be determined according to the amount of living expenses. Most enterprises determine the payment base of retirees according to the minimum payment base.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.