How much does social security cost a month in Guangzhou?

Guangzhou's social security of 1,620 yuan a month is the lowest of the three grades.

The minimum contribution for social security in Guangzhou is 1,621.33 yuan and the maximum contribution is 8,194.08 yuan.

The social insurance scheme is organized by the government, which forces a certain group of people to pay a part of their income as social insurance tax (fee) to form a social insurance fund, from which the insured can receive a fixed amount of income or compensation for their losses if certain conditions are met; it is a redistributive system, whose goal is to ensure the reproduction of material and labor force and the stability of the society.

In China, social insurance is an important part of the social security system, and it occupies a central position in the whole social security system. In addition, social insurance is a kind of contributory social security, which is mainly financed by employers and workers themselves, with the government subsidizing and assuming the ultimate responsibility. But workers can only enjoy the corresponding social insurance benefits if they fulfill their legal obligation to make contributions and meet the legal conditions.

Social insurance refers to a social and economic system that provides income or compensation to a population that is incapacitated, temporarily out of work, or has suffered a loss due to health reasons. The main programs of social insurance include pension insurance, medical insurance, unemployment insurance, work injury insurance, and maternity insurance.