How to calculate social security formula

On the calculation formula of social security payment

Yes, the amount of social security payment is calculated according to the local social wage of the previous year, which is different every year.

For example, in place A, the average social wage last year was 20,000 yuan, so the pension insurance payment was 20,000 * 20% = about 4,000/year, and the medical care was 20,000 *10% = about 2,000/year.

Of course, it is directly reflected in how much to pay according to your actual income. If you adjust your salary, you need to adjust the payment base.

In addition, it is also stipulated that the lowest grade and the highest grade are not less than 60% of the average monthly salary of social workers, and the highest grade is 300% of the average monthly salary of employees. Generally, the lowest grades are mostly.

Generally, in March and April of each year, the social security base will be adjusted, during which the state will announce the social wage of the previous year.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.