What is the ratio of social security in Shanghai enterprises

The average wage of Shanghai workers in 2015 was recently announced as an annual average of 71,269 yuan, and the average monthly wage was 5,939 yuan, an increase of 8.9% over the previous year!

With this we can project the upper and lower limits of the 2016 Shanghai social security contribution base.

The upper limit of Shanghai's social security contribution base is three times the previous year's average wage, and the lower limit is 60% of the previous year's average wage.

So the 2016 Shanghai social security contribution base is:

2016 Shanghai Social Security Maximum Contribution Base Upper Limit:

2015 Average Wage of Employee*3=5939*3=17,817 Yuan

2016 Shanghai Social Security Minimum Contribution Base Lower Limit

2015 Average Wage of Employee*0.6=5939 x 60%*0.6=3563.4 yuan

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