Is the social security base adjusted every year?

The social security base rises once a year and is basically adjusted in July. Details are as follows:

1. Every July, the social security payment base will be adjusted, and the upper and lower limits of the new payment base will be determined according to the social wage of the previous year.

2. While the social security payment base is adjusted once a year, the Social Security Bureau will also require institutions to adjust the payment base according to the average salary of employees in the previous year. The principle of adjustment is to get the new social security payment base of the year by taking the monthly average according to the total wage income of employees in the previous year.

3. After determining the social security payment base in July of that year, it will be implemented from July of that year to June of the following year.

The collection method includes:

1, proportional insurance system

This way is based on the wage income of the insured, and a certain proportion is set by rules to collect insurance premiums. Adopting the proportional system, the initial main purpose of social insurance is to compensate the income lost by the insured in risk accidents in order to maintain their minimum living. Therefore, we should refer to his usual income, on the one hand, as a standard to measure payment, on the other hand, as the basis for premium calculation;

The biggest drawback of the work-based proportional insurance system is that the burden of social insurance is directly related to wages. Whether employers and employees bear social insurance premiums or one of them bears social insurance premiums, the burden of social insurance is manifested in the increase of labor costs, which will lead to capital crowding out labor, thus leading to an increase in unemployment;

2. Equal insurance premium system

That is, regardless of the income of the insured or his employer, the insurance premium of the same amount should be charged. The advantages of this system are simple calculation and easy to be universally realized. Moreover, in countries that collect insurance premiums in this way, the payment system is generally divided equally, which has the significance of equal income and expenditure. But its defect is that low-income people and high-income people pay the same premium, which is obviously unfair in terms of affordability.

To sum up, the adjustment of the social security payment base will not be synchronized with the wages of employees, nor can it be adjusted at any time. Under normal circumstances, the base of employee social security contributions is adjusted once a year, with different requirements in different regions, usually in April or July of each year.

Legal basis:

"Regulations on the administration of social insurance premium declaration and payment" tenth

The employing unit shall, with the payment notice issued by the social insurance agency, pay social insurance premiums in one of the following ways within the prescribed time limit:

(1) Payment to banks or other financial institutions;

(two) other ways agreed with the social insurance agency.

Social insurance agencies and employers can sign agreements with banks or other financial institutions, and entrust banks or other financial institutions to withhold and remit social insurance premiums for employers and their employees according to the collection vouchers issued by social insurance agencies.

Article 11

The social insurance premiums that employees should pay shall be withheld and remitted by the employer. No unit or individual may interfere or refuse when the employer performs the obligation of withholding and remitting according to law.

If the employer fails to pay in full and on time, the social insurance agency shall order it to pay within a time limit, and an overdue fine of 0.5‰ shall be added daily from the date of default. The employer shall not require employees to bear the late payment fee.

Article 12

The social insurance premiums collected shall be deposited in the income households of social insurance funds opened by social insurance agencies in accordance with regulations. Social insurance agencies shall, in accordance with the relevant provisions, regularly deposit the funds received into the financial accounts of social insurance funds opened according to law.

Article 13

Social insurance agencies shall, in accordance with the relevant provisions of the state, keep accounts of the social insurance premiums collected according to the amount actually paid by the employer (including the amount withheld and remitted) and the details of the withholding and remitted.

Article 14

The employing unit shall inform the employees themselves of the details of paying social insurance premiums on a monthly basis.

The employing unit shall report to the workers' congress of the unit every year or publish the annual social insurance premium payment of the unit in a prominent position in the residence of the unit, and accept the supervision of the workers.

Article 15

The social insurance agency shall timely, completely and accurately record the payment of the employer and its employees, and regularly inform the employer and its employees of the payment. Employers and employees have the right to inquire about the payment in accordance with the Measures for the Administration of Social Insurance Personal Rights and Interests Records and other regulations.

Social insurance agencies shall announce the collection and payment of social insurance premiums to the public at least once a year and accept social supervision.

The payment standard of social security varies from place to place. Even if the social security payment standard rises, the insured can only pay social security according to the payment standard stipulated by the government department. The extent of social security increase shall be announced in advance by the local social insurance administrative department.