Hangzhou check social security contribution base

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According to the report of the Hangzhou Human Resources and Social Security Bureau: starting from January 1, 2017, the flexibly employed persons and individual businessmen in the main urban areas of Hangzhou who participate in the basic pension insurance for employees will pay contributions in accordance with the new standard, which is the amount of the monthly contribution = the monthly contribution base × the proportion of the contribution. Among them, the contribution ratio is fixed at 18 percent unchanged, and the monthly contribution base is determined by the participants themselves between 80-300 percent of the average monthly salary of the province's on-the-job workers (4,031 yuan) in the previous year.

For example, with an average monthly salary of 4031 yuan and a monthly contribution base ratio of 80%, the employee's monthly contribution base is 3224.8 yuan. According to the monthly contribution ratio of 18%, the employee is required to pay a monthly pension amount of 580.46 yuan. That is, $4,031 x 80% x 18% = $580.46.

The main urban area in the new standard includes the Dajiangdong Industrial Cluster, but excludes Xiaoshan District, Yuhang District and Fuyang District. Individual industrial and commercial households participating in the insurance in the form of units do not contribute according to the new standard. In addition, starting from January 1, 2017, flexibly employed people participating in the municipal-level employee health insurance are required to pay 366.79 yuan per person per month, which includes 3 yuan for medical subsidies for major illnesses and 1 yuan for medical hardship assistance. Flexibly employed persons holding the valid HCM City Employment Assistance Certificate are required to pay 221.67 yuan per person per month for participation in the insurance.

Special reminder is needed that the above new contribution standard was implemented from New Year's Day 2017, and participants need to deposit full amount in their deduction accounts in time, as unsuccessful deduction will affect their rights and interests related to social insurance.

PS: Social security contribution base calculation method: generally the previous year my salary income for the contribution base.

(1) the employee's salary income is higher than 300% of the average salary of local employees in the previous year, 300% of the average salary of local employees in the previous year for the contribution base;

(2) the employee's salary income is lower than 60% of the average salary of local employees in the previous year, 60% of the average salary of local employees in the previous year for the contribution base;

(3) the employee's salary in the between 300% and 60% shall be declared on a factual basis. When the employee's salary income cannot be determined, the contribution base is determined according to the average salary of the local employees in the previous year announced by the local labor administration department as the contribution salary.

Every year, the social insurance collection agency will re-approve a new social security contribution base at a fixed time (March or July, varying from place to place) based on the employee's average monthly salary of the previous year.

Some information from: Hangzhou Human Resources and Social Security Bureau official website