What is the minimum payment base of social insurance?

Legal analysis: Every year, Social Security will regularly check the social security base and release the latest minimum base and maximum base. To declare a new base according to the average monthly salary of employees in the previous year, it is necessary to prepare the proof of these salary tables. The minimum social security payment base is 60% of the average salary of local employees in the previous year. The average salary of local employees in the previous year can be consulted by the local social security bureau.

Legal basis: Article 16 of the Social Insurance Law of People's Republic of China (PRC) stipulates that individuals who have participated in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.