Will Social Security go up?

Residents' health insurance will go up every year, residents' old-age pension selected grade will not change; employees' social security contribution base changes every year with the change of the average salary of employees on the job, social security of the adjustment rate of the determination of the need to take into account the protection of the basic life, to share the fruits of development, the fund can be affordable to the three principles. Generally speaking, the pension adjustment rate is not lower than the price increase, not higher than the wage increase of the employed workers, all belong to a reasonable range.

The contribution base of social security is mainly based on the average monthly social wage of the previous year in the region to determine the minimum employee social security can not be lower than 60% of the average social wage, and the maximum can not be higher than 300% of the average social wage;

If it is an active employee, it will be the month's salary as the contribution base, to Shanghai, for example, in 2018, the Shanghai municipal urban workers The upper and lower limits of the social insurance contribution base were adjusted to the upper limit of 21,396 yuan and the lower limit of 4,279 yuan, and the upper and lower limits of the employee social insurance contribution base were adjusted to 23,496 yuan and 4,699 yuan in 2019, and the ratio of social security contribution base increase was 8.9%.

So the social security contribution base is in an upward trend, and the payment of social security will keep growing, more and more every year.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 12

The employer shall pay the basic pension insurance premiums in accordance with the ratio of the total wages of the employees of the organization as stipulated by the state, and it shall be credited to the Basic Pension Insurance Co-ordination Fund.

Employees shall pay basic pension insurance premiums in accordance with the proportion of their own wages prescribed by the State and credited to their individual accounts.

Individual industrial and commercial households without employees, part-time workers who have not participated in the basic pension insurance in the employing organization, and other flexibly employed persons participating in the basic pension insurance shall pay the basic pension insurance premiums in accordance with the state regulations, which shall be credited to the basic pension insurance general fund and the individual account respectively.