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What is the social security cap line?
Legal analysis: the highest limit line is 15287.25 yuan per month. According to the policy, social insurance is paid with reference to the local average wage, with 60% of the average wage as the base of guaranteed payment and 300% of the average wage as the base of capped payment. The wage base declared by employees is between the guaranteed wage and the capped wage, which is regarded as the effective wage base. If the guaranteed wage is not reached, it will be paid according to the guaranteed wage base, and if it exceeds the capped wage base, it will be paid according to the capped wage base.
Legal basis: Social Insurance Law Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, etc., to protect citizens' right to get material help from the state and society according to law in case of old age, illness, industrial injury, unemployment and maternity.
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