Yixing Social Security Individual Payment Standard 2024

In 2024, Yixing social security individual payment standard will be adjusted according to local economic development, price level and government policies. Generally speaking, individual payment standards mainly include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. The specific payment standard will be determined according to the insured's salary base, payment ratio and other factors.

First, the determination of social security payment base

Yixing's personal social security payment base is usually based on the salary income of the insured. In 2024, Yixing Social Security Bureau will set the upper and lower limits of the payment base according to the local average wage level in the previous year. The payment base of the insured person should be within this range, and not lower than the minimum payment base and not higher than the maximum payment base.

Second, the proportion of social security contributions.

Endowment insurance: the proportion of individual contributions is usually a certain proportion of the salary base, and the specific proportion will be adjusted according to the policy. Endowment insurance is to ensure that the insured can enjoy the basic pension after reaching the statutory retirement age.

Medical insurance: the proportion of individual contributions will also be adjusted according to the policy to pay the medical expenses of the insured. Medical insurance aims to reduce the financial burden of the insured when he is sick or injured.

Unemployment insurance: Unemployment insurance is paid in a relatively low proportion, which is used to provide certain living security for the insured when they are unemployed.

Industrial injury insurance and maternity insurance: the contributions of these two insurances are mainly borne by enterprises, and individuals usually only need to bear a small part of the expenses.

Third, the payment method and adjustment

Individual social security payment in Yixing usually takes the form of monthly payment, and the insured person needs to pay the due fee to the designated account within the specified time of each month. At the same time, the Social Security Bureau will regularly adjust the payment standard according to the policy adjustment and personal salary changes.

To sum up:

In 2024, Yixing social security individual payment standard will be adjusted according to local economic development, price level and government policies. The insured should pay attention to the notice of the local social security bureau, keep abreast of the latest payment standards, and ensure that all social security fees are paid in full and on time. At the same time, the insured can also plan personal finance reasonably according to their own conditions to prepare for future pension and medical security.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 10 stipulates:

Employees should participate in basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, and employers and employees should jointly pay basic old-age insurance, basic medical insurance and unemployment insurance.

Article 12 stipulates:

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.