What is the base of social security payment in Taixing city? Calculation method of social security payment base

It needs to be decided according to Jiaxing's social wage in the previous year. Generally, the minimum wage cannot be lower than 60%, and the maximum wage cannot be higher than 300%. Moreover, social wages are different every year, and they are increasing year by year. It is recommended to consult the local social security bureau.

Take the old-age insurance as an example: enterprises pay 20% of the old-age insurance expenses and individuals pay 8%.

Therefore, the final payment amount = social salary *60%*28%.

For example: social wage = 50,000 yuan/year, then monthly pension payment = 50,000 yuan/12 * 60% * 28% = 700 yuan.