What is the minimum wage in Sanya? Is the payment base for participating in social security the minimum wage?

Recently, Hainan Provincial Housing Provident Fund Administration issued an announcement, which will uniformly adjust the deposit base of housing provident fund for employees in cities and counties in the province according to relevant regulations. After adjustment, the minimum standard of Sanya is 1 120 yuan/month.

According to the announcement, the adjusted upper limit of the monthly deposit base of employee housing provident fund is determined according to 3 times of the average monthly salary of employees in urban units in the previous year in the city (county); The lower limit of the monthly deposit base of employee housing provident fund shall not be lower than the monthly minimum wage standard of employees in the city (county) where the previous year is located. The specific minimum standards are Haikou City, Sanya City, Sansha City and Yangpu District 1 120 yuan/month; Qionghai city, Danzhou 1020 yuan/month; Other cities and counties in 970 yuan/month. In addition, according to the announcement, the upper limit of the monthly deposit base of employee housing provident fund in Sanya is 1 183 1 yuan/month.

It is understood that the adjustment of the deposit base range of housing provident fund is implemented once a year according to the Regulations on the Management of Housing Provident Fund jointly issued by the Ministry of Housing and Urban-Rural Development, the Ministry of Finance and the People's Bank of China, so as to better regulate the deposit of housing provident fund and safeguard the legitimate rights and interests of employees.

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