The base for social security contributions in Shenzhen in 2019 is 1500, which can not be lower than the current year's minimum wage?

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Pension insurance:

Shenzhen household registration social security contribution base shall not be less than 60% of the city's average wage of the previous year's on-the-job workers; non-Shenzhen household registration social security contribution minimum shall not be less than the city's minimum monthly wage level.

According to the relevant data released by the Municipal Bureau of Statistics, the annual average wage of on-the-job workers in the city in 2011 was 55,143 yuan (converted into an average monthly wage of 4,595 yuan). Therefore, from July 1, 2012 to June 30, 2013, the city's social insurance contribution base and treatment calculation involves the city's average monthly salary of the previous year's on-the-job workers, uniformly calculated according to the standard of 4,595 yuan / month.

The city's SAR pension insurance regulations provide that non-city employees pay pension insurance premiums contribution salary shall not be lower than the city's monthly minimum wage. According to the "Notice on the Adjustment of the City's Minimum Wage Standard" (SZRS Regulation [2011] No. 19), from February 1, 2012, the minimum wage standard for full-time employed workers in the city was adjusted to 1500 yuan per month. Therefore, since February 1, 2012, the city's employers for non-citizen employees to declare the pension insurance contribution wages shall not be less than 1500 yuan / month.