What do you mean by social security and wage equality?

Social security social wage refers to the concept that the base of social insurance payment is equal to the regional average wage, aiming at ensuring the fair distribution of social insurance expenses and the reasonable determination of individual social insurance benefits. Through the setting of social security wages, we can realize the fairness and sustainability of social insurance system and provide better social security.

Social security social wage refers to the concept that the base of social insurance payment is equal to the regional average wage. Social insurance is a social security system established by the state to protect the basic rights and interests of workers, including endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. The social security payment base is the basis for calculating the social insurance premiums paid by individuals and units, and also for determining the social insurance benefits of individuals.

Social security wage is a concept introduced in order to determine the social security payment base fairly and reasonably when formulating social insurance policies. The base of social security contributions is usually linked to the regional average wage to ensure the reasonable distribution of social insurance expenses. After the social security wage is determined, the social security contribution base of individuals and units will be equal to the regional average wage, which can not only ensure the fairness of the social insurance system, but also avoid the situation that individuals and units pay too high or too low social security fees.

The specific calculation method of social security social wage may be different in different regions and different policies, but it is generally determined according to the regional average wage level. The social security payment base of individuals and units shall generally not be lower than the social security salary, nor higher than a certain upper limit. Through the setting of social security wages, the fairness and sustainability of the social insurance system can be realized, and better social security can be provided for workers.

Social security social wage means that according to state regulations, enterprises should pay a certain proportion of social insurance premiums for employees, and determine the social insurance payment base according to the average wage of employees. Social wage refers to a standard calculated by enterprises according to the average wage of employees when determining the base of social insurance payment. The scope of application of social security wages includes various enterprises and institutions, individual industrial and commercial households and other insured units. The determination of social security payment base and social wages has an important impact on the social insurance benefits and rights of employees. According to different regions and policies, the specific provisions of unified social security wages may be different. Therefore, enterprises and employees need to make reasonable payment and declaration according to relevant laws and policies to ensure that they can enjoy the corresponding social insurance benefits.

Legal basis:

People's Republic of China (PRC) Social Insurance Law;

Chapter VII Collection and Payment of Social Insurance Fees

Sixty-first social insurance fee collection agencies shall collect social insurance premiums in full and on time according to law, and regularly inform employers and individuals of the payment situation.