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What is the minimum monthly social security amount?
Legal analysis: the minimum wage standard shall not be less than 60% of the average monthly salary of local employees in the previous year (not less than 50% for employees in private enterprises, individual industrial and commercial households and employees with non-local urban hukou, and not less than100% for private enterprise legal persons, shareholders and individual industrial and commercial households); The maximum can not be higher than the local average monthly salary of employees in the previous year.
Legal basis: Article 58 of the Social Insurance Law of People's Republic of China (PRC) stipulates that the employer shall apply to the social insurance agency for social insurance registration for employees within 30 days from the date of employment. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.
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