What does social security third gear mean?

Social security is divided into three grades, which is the social security payment base for self-employed and freelancers to participate in social security regulations. The first gear is100% of the average salary of employees on the job; 80% of the average salary of the second employees; The third gear is 60% of the average salary of employees on the job.

For example, the social security base of Changchun is 20 14 in three grades. Individual contributions of the insured: According to the relevant social insurance policies, individuals of the insured can independently choose 100%, 80% and 60% of the average salary of employees in the whole city in the previous year as the payment base according to their own economic conditions. The annual individual contributions of the insured in cities and towns (excluding Shuangyang District) are 103 12.80 yuan, 825 1.20 yuan and 6 187.20 yuan respectively.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.