Job Recruitment Website - Social security inquiry - How is the social security balance calculated?

How is the social security balance calculated?

The balance is calculated as follows:

1, payment base: the calculation of social security balance usually starts from the individual's monthly or annual payment base. The payment base is a part of an individual's salary or income, and social insurance premiums are paid according to a certain proportion.

2. Payment ratio: Different social insurance projects have different payment ratios. Individuals and employers will share social insurance costs in a certain proportion.

3. Payment years: Social security balance is also affected by individual payment years. Under normal circumstances, individuals need to pay a certain number of years continuously or cumulatively under the social security system in order to enjoy pension and other benefits.