Social security contribution base suddenly become higher

The contribution base is your average salary of the previous year, and the contribution ratio is 8% for individuals and 20% for enterprises. Contribution base: enterprise: the employer's gross salary in the previous month as the contribution base. The contribution base of the employing unit shall not be lower than the gross salary of the unit calculated according to the minimum wage standard of the location. Gross wages paid in a lump sum throughout the year shall be included in the employer's contribution base in the month following the month in which they are actually paid, and shall be spread evenly throughout the year. Employees: The average monthly salary of the employee for the previous year shall be used as the contribution base, and the maximum contribution base shall be 300% of the average monthly salary of the employees on duty in the city for the previous year, and the minimum shall be 60% of the average monthly salary of the employees on duty in the city for the previous year. If it is impossible to determine the monthly salary income, the average monthly salary of the employed workers in the city in the previous year shall be used as the contribution base. Urban self-employed business owners and their employees/flexible employees: the average monthly salary of on-the-job employees in the city in the previous year shall be used as the contribution base. For those who have genuine difficulties in making ends meet, 60% of the average monthly salary of on-the-job workers in the city in the previous year shall be used as the contribution base.

Article 10 of the Social Insurance Law of the People's Republic of China*** and the State of China, employees shall participate in the basic pension insurance, and the employer and the employee*** shall pay the basic pension insurance premiums together. Individual industrial and commercial households without employees, part-time workers who do not participate in basic pension insurance with their employers, and other flexibly employed persons may participate in basic pension insurance and pay basic pension insurance premiums by themselves. Article 16 of the Social Insurance Law of the People's Republic of China stipulates that individuals who have participated in basic old-age insurance shall receive a monthly basic old-age pension if they have contributed for a total of 15 years by the time they reach the statutory retirement age. Individuals who have participated in basic pension insurance and have contributed for less than fifteen years when they reach the legal retirement age can contribute until they reach fifteen years and receive a basic pension on a monthly basis; they can also be transferred to the new type of rural social pension insurance or urban residents' social pension insurance, and enjoy the corresponding pension insurance treatment in accordance with the provisions of the State Council.