What does the social security rate mean?

Social security rate refers to the rate calculated according to a certain proportion of social insurance premiums that individuals should pay. Social security rates are declared and implemented by various regions and units according to different social security policies and economic levels, which is also an important basis for individuals and units to pay social security fees.

The calculation method of social security rate includes two parts, one is the social security fees actually paid by enterprises and individuals, and the other is the subsidies and preferential policies given by social security departments and the government. Specifically, the calculation of social security fees is usually based on social security base, payment ratio and social security rate.

The adjustment and change of social security rate is a part of social security system reform and policy adjustment, and it is also a reflection of social economic development and social demand changes. The government and social security departments will adjust the standards and rates of social security fees in time according to the abnormal development of social economy and changes in demand, so as to achieve better social security, social stability, fairness and justice.