Is the social security payment standard based on the minimum wage or the actual wage?

Calculated according to the income of the insured every year.

Social insurance is mainly through raising social insurance funds, coordinating and adjusting social insurance funds within a certain range, and giving necessary help to workers when they encounter labor risks. Social insurance provides basic living security for workers. Workers can enjoy social insurance benefits as long as they meet the conditions for enjoying social insurance, that is, they have established labor relations with employers or paid various social insurance premiums according to regulations.

The social security payment standard is not based on the minimum wage. Not according to the actual salary, but according to the annual income of the insured. Social security payment base = total wage income of the previous year ÷ 12. The total wage income in the previous year included commissions, bonuses, allowances and other income other than work. Because income changes every year, the social security payment base is basically changed once a year.

Because it is based on all the salary income of the previous year to calculate the standard. Therefore, within a social security year, the payment base remains unchanged, but the adjustment time varies from province to province, with Shanghai adjusting to April 1 and Beijing adjusting to July 1. Note: In the first year of employment, employees have no income in the previous year, and the social security payment base will be based on the income of that year. Many companies will pay social security to employees according to their basic salary. Personal social security payment standards are as follows:

The proportion of endowment insurance payment is 8% of the average salary of employees in the previous year; The proportion of medical insurance payment is 2% of the average salary of employees in the previous year; The proportion of unemployment insurance payment is 0.2% of the average salary of employees in the previous year; Maternity insurance and industrial injury insurance are paid by the company, and individuals do not need to pay.

The importance of social security has the following points:

1, social security has the function of stabilizing social life;

2. Social security has the function of redistribution;

3. Social security has the function of promoting economic development;

4. Social security is the protector of labor reproduction;

5. Social security is the stabilizer of social development;

6. Social security is the regulator of economic development;

7. Social security has the function of promoting development;

8. Social security has the function of preventing and controlling risks and capital accumulation.