The Minimum Social Security Foundation for Deep Families

Minimum base of social security: if the wage income of employees is lower than 60% of the arithmetic average monthly salary of employees in provinces and cities in the previous year, 60% of the arithmetic average monthly salary of employees in provinces and cities in the previous year is the payment base. Social security is calculated according to a certain proportion of employees' wages.

Legal objectivity:

Article 12 of the Social Insurance Law: The employer shall pay the basic old-age insurance premium in proportion to the total wages of its employees as 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 employer and other flexible employees participate in the basic old-age insurance; The basic old-age insurance premium shall be paid in accordance with the provisions of the state and credited to the basic old-age insurance pooling fund and individual account respectively.