Shanghai social security payment standard 202 1 calculation formula

July 1, 202 1, Shanghai social security payment standard 202 1 The calculation formula is 310/4 yuan.

The lower limit of social security payment base should be 60% of the average wage of employees in full-caliber urban units. Considering the impact of COVID-19 epidemic on economic and social development, in order to reduce the burden on enterprises, according to the provisions of the Notice of the Ministry of Finance of Ministry of Human Resources and Social Security, State Taxation Administration of The People's Republic of China, on Issues Related to Social Insurance Payment in 2002 1 year, the lower limit of the social insurance payment base in this city will be put in place in two years, from July 20021year to RMB 5975/month. Shanghai social security payment base is 202 1, the average monthly salary in 2020 1 0338 yuan, and the upper and lower limits of Shanghai social security payment base are 202 1-June 30, 2022, with1month103338 yuan.

Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance taxes and fees to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.

In China, social insurance is an important part of the social security system, occupying a core position in the whole social security system. In addition, social insurance is a kind of contributory social security. The funds are mainly paid by employers and workers themselves, and the government finances give subsidies and bear the ultimate responsibility. However, workers can only enjoy the corresponding social insurance benefits if they fulfill their statutory payment obligations and meet the statutory conditions.

laws and regulations

People's Republic of China (PRC) social insurance law

Article 60 The employing unit shall declare on its own and pay social insurance premiums in full and on time. Except for legal reasons such as force majeure, the payment shall not be postponed or reduced. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis.

Individual industrial and commercial households without employees, part-time employees who have not participated in social insurance in the employing units and other flexible employees can pay social insurance premiums directly to the social insurance premium collection agencies.