Job Recruitment Website - Social security inquiry - What do you mean the social security contribution base has not reached the lower limit?

What do you mean the social security contribution base has not reached the lower limit?

The social security payment base does not reach the lower limit, which means that the wage income of employees is lower than 60% of the arithmetic mean of the average monthly salary of employees in provinces and cities in the previous year, and 60% of the arithmetic mean of the average monthly salary of employees in provinces and cities in the previous year is the payment base.

There are upper and lower limits on the social insurance payment base, and the minimum can not be lower than 60% of the average monthly salary of employees in the whole city last year (employees in private enterprises, employees in individual industrial and commercial households and employees in non-local urban households shall not be lower than 50%, and shareholders and owners of private enterprises as legal persons and individual industrial and commercial households shall not be lower than100%); The maximum can not be higher than 300% of the average monthly salary of employees in the city last year. The average wage of employees in this Municipality is published annually by the Municipal Bureau of Statistics. In the same payment year, the payment base is fixed for one year and will not be changed halfway. From April to June every year, the employer shall declare the social insurance payment base of its employees in the new year according to the notice of the local social insurance agency.