Social Security Base of Average Wage in Shanghai in 2024

What is the specific social security base of Shanghai's average wage in 2024 needs to wait for the official data to be released.

First, the way to determine the social security base

The social security base is adjusted every year according to the average social wage of the previous year. This adjustment is usually made by Shanghai Human Resources and Social Security Bureau according to statistical data and policies. Therefore, to determine the social security base in 2024, we need to refer to the average social wage data in 2023.

Second, the average social wage in Shanghai in 2023

Judging from historical data, the average social wage in Shanghai has maintained a steady growth trend. Assuming that the average social wage will also increase in 2023, the social security base in 2024 will also increase accordingly. However, the specific growth rate and amount need to wait for the announcement of official data.

Third, the significance and influence of social security foundation

Social security base is the basis for calculating the amount of social security contributions, which directly affects the social security contribution burden of enterprises and individuals. The higher the social security base, the higher the payment amount. Therefore, it is very necessary for enterprises and individuals to understand and pay attention to the changes in the social security base.

At the same time, the adjustment of social security base also reflects the development of social economy and the changes of people's living standards. Through the adjustment of social security base, we can better protect the rights and interests of workers and promote social harmony and stability.

To sum up:

What is the specific social security base of Shanghai's average wage in 2024 needs to wait for the official data to be released. However, according to historical data and policies, it can be inferred that the social security base may be improved. For enterprises and individuals, it is an important measure to understand the change of social security base and plan social security payment reasonably to safeguard their own rights and promote social harmony and stability.

Legal basis:

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

Article 12 stipulates:

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

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

Article 35 provides that:

The employer shall pay the work-related injury insurance premium according to the total wages of its employees and the rate determined by the social insurance agency.