How to distinguish social security years?

The social security year is the insurance year, from July 1 day of that year to June 30th of the following year.

1. Account over the years = (total personal medical insurance payment this year+unit payment included in personal account-advance payment at the beginning of the year+account balance at the end of the year-deduction from the previous year+medical insurance adjustment this year+other insurance transfer amount) ×( 1+ interest rate)

2. Account in this year = monthly account amount paid in advance in the next year × 12+ payment part of individual account unit included in the standard+[liquidation amount in this year (if the liquidation amount in this year is negative)]

Third, simply put, the accounts of the past years are the money you have paid so far MINUS the money you have used. The account was paid to you in advance according to your previous payment base, and will be settled next year.

Extended data

1, social security payment base

The payment base of social security refers to the wage base used by enterprises or employees to calculate and pay social insurance premiums. This base multiplied by the prescribed rate is the amount of social insurance premiums that enterprises or individuals should pay.

Local social security payment bases are linked to local average wage data. It is determined according to the average monthly wage income of employees from June 1 day to February 1 day in the previous year. Once a year, it will not change within one year after confirmation. The time to apply for adjusting the social security base is generally in July.

Enterprises generally take the total wages of enterprise employees as the payment base, and individual employees take half of their average monthly salary in the previous year as the salary base for individuals to pay social insurance premiums. In China, the payment base is approved by the social insurance agency according to the employer's declaration.

2. Payment ratio

Payment ratio, that is, the collection rate of social insurance premiums. China's "Social Insurance Law" does not make specific and clear provisions on the collection rate of social insurance. According to China's current social insurance policy, we implement different collection ratios for different types of social insurance.

Baidu encyclopedia-social insurance