Shanghai social security payment transition period

Shanghai's social security payment base is 20 12, and for urban registered employees, the social security payment base of institutions, enterprises, social organizations and other units is 2338- 1 1688 yuan. The upper limit of the individual contribution base of the unit employee is 1 1688 yuan, and the lower limit is 2338 yuan. This year, the social insurance premium payment base of individual merchants, freelancers and employees of informal labor organizations is 2338- 1 1688 yuan, and the social insurance payment base of small towns and the comprehensive insurance premium of foreign employees are 2338 yuan.

At present, migrant workers who are not registered in cities and towns need to participate in three social insurances: pension, medical care and work injury. Shanghai social security payment base is 20 12, and migrant workers with non-urban household registration: endowment insurance, 22% for units and 8% for individuals; Medical insurance, unit 6%, individual1%; Work-related injury insurance, the unit is 0.5%, and individuals do not pay. The payment base is subject to a five-year transition period and enjoys a "transition period". After the implementation of the Social Insurance Law, Shanghai's social security payment base will be adjusted accordingly, and non-urban household registration personnel will gradually transition from "three insurances" to "five insurances". In order to link up with national laws, at present, they will participate in three social insurances: old-age insurance, medical insurance and work injury insurance.

If the migrant workers with non-urban household registration give up the transition period after consultation with the employer, the base of 20 12 social security payment in Shanghai can be implemented according to the urban insurance regulations, and the minimum payment is 60% of the average monthly salary of employees in the whole city in the previous year, that is, 2337.6 yuan. The minimum individual payment is: 3896×60%×9% (8% of endowment insurance+medical insurance 1%)= 2 10 yuan. The minimum payment of the unit is: 3896×60%×28.5% (pension 22%+ medical treatment 6%+ work injury 0.5%)=666 yuan.

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