Minimum social security payment standard in Guangzhou in 2024

The minimum social security payment standard in Guangzhou in 2024 is as follows:

1, basic old-age insurance for employees: the lower limit of payment base is 5284 yuan.

2. Employee social medical insurance (including maternity insurance): the minimum payment base is 5996 yuan.

3. Unemployment insurance: the minimum payment base is 2,300 yuan.

4. Work-related injury insurance: The minimum payment base for employees in Guangzhou is not less than 2,300 yuan.

Guangzhou social security payment ratio:

1, employee social security: old-age insurance, the unit pays 14%, and the individual pays 8%. Unemployment insurance, the unit pays 0.8% and the individual pays 0.2%. Work injury insurance, the unit pays 0.2%, and the individual does not need to pay. Maternity insurance, the unit pays 0.85%, and the individual does not need to pay. Medical insurance, the unit pays 6.85% and the individual pays 2%.

2. Social security for flexible employees: endowment insurance, with individuals paying 20%. Medical insurance, individuals pay 8%. Unemployment insurance, individual contribution 1%.

To sum up, the minimum social security payment standard in Guangzhou in 2024 covers pension, medical care, unemployment and industrial injury insurance, and the base and proportion of various social security contributions are clear.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 10

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.