What does three years 1 times social security mean?

People who have paid social security in Shanghai for three years and paid at or above the social security base 1 according to regulations can enjoy the Shanghai household registration transfer policy.

In May and June each year, the enterprise will fill in the form for each employee in the background of the self-service agency of the people's society. The social welfare salary of the previous year, such as 202 1, is used as the payment benchmark of the social security payment year from July 2022 to June 2023, commonly known as "1 times social security".

At the same time, the upper and lower limits of the social security payment base are determined according to the payment benchmark. The lower limit is generally about 0.6 times and the upper limit is 3 times, that is, no matter how much salary you earn, the lowest can't be lower than the lower limit and the highest can't be higher than the upper limit. The average monthly wage income of employees in the previous year is the payment base of this social security year, divided by the payment base 1 times, which is my "social security multiple".