What month is Changsha's social security base declaration (adjustment)? As well as the provident fund base declaration is what month?

The month in which the social insurance base can be adjusted every year is April, and the provident fund is in July.

Employees participating in basic pension insurance, basic medical insurance, unemployment insurance, industrial injury insurance and maternity insurance are required to determine their contribution base according to their average monthly salary in the previous year. Among them, the upper limit of the contribution base is determined according to 300% of the average monthly salary of the employees in the city in the previous year.

The lower limit of the contribution base for employees participating in basic pension insurance and unemployment insurance is determined according to 40% of the average monthly salary of employees in the city in the previous year; the lower limit of the contribution base for employees participating in basic medical insurance, work-related injury insurance and maternity insurance is determined according to 60% of the average monthly salary of employees in the city in the previous year.

Declaration of social security base:

From February to May every year, the insured units shall declare the social security contribution base for the next settlement year at the municipal social security premium collection management center or district social security office (hereinafter collectively referred to as the social security office) where the insured units are registered.

The contribution base declared by the insured unit shall be confirmed by the signature of the insured employee or by means of public announcement. If a contributing unit fails to make the required declaration, the social insurance agency may temporarily determine the contribution base at 110 percent of its monthly contribution base for the previous year.

The contribution base is an important basis for the calculation of social insurance benefits for the insured. After a worker participates in social insurance, the social security agency establishes an individual account for basic pension insurance and an individual account for medical insurance that remains unchanged for the rest of his or her life.

The higher a worker's contribution base is, the more he or she has in his or her individual account, the more medical expenses he or she has at his or her disposal, and the higher the pension he or she receives when he or she retires. The concealment, omission or under-reporting of the contribution base by the insured units and participants will directly reduce the level of enjoyment of the social insurance benefits of the insured.

The monthly contribution base for social insurance is usually determined according to the monthly average of the employee's annual salary in the previous year, which is determined once a year and will not be changed within a year after it is determined.

Each housing fund year is from July 1 to June 30 of the following year. Therefore, from July 1 every year, Beijing will implement a new monthly housing fund contribution ceiling, which is determined by multiplying 300% of the average monthly salary of Beijing employees in the previous year by the unit and employee housing fund contribution ratios, respectively.

Additionally, if a unit is having difficulty in incurring losses and has the consent of its employees, it can apply for a reduction in the lower limit of the provident fund's contribution ratio, which is in principle no less than 8 percent. However, the approval of such applications is very strict, requiring the enterprise to provide appropriate financial proof, the employee agreed to reduce the contribution ratio of materials.