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What is the minimum base for social security fund in Qingdao?

The monthly contribution base for housing provident fund is the average monthly salary of the employee in the previous year. According to the relevant state regulations, employees' wages include hourly wages, piece-rate wages, bonuses, allowances and subsidies, overtime and overtime wages, wages paid under special circumstances and piece-rate wages. The contribution base of housing provident fund is strictly enforced by the policy of "limiting the high and keeping the low", which shall not be lower than the current minimum monthly wage standard of the city, and shall not be more than three times of the average monthly wage of the on-the-job workers of the previous year in the city, and is adjusted and released by the Housing Provident Fund Management Committee every year.