Is Chongqing's employee base 4 1 18 the lowest?

Is Chongqing's employee base 4 1 18 the lowest?

Chongqing employee base 4 1 18 is the lowest payment base, but it is not the lowest in all cases. The minimum payment base is determined according to the average monthly salary of employees in the previous year. Usually, the minimum payment base is 60% of the local social wage. The minimum payment base of Chongqing in 2022 is 4 1 18 yuan, which is applicable to social insurance such as endowment insurance, unemployment insurance and industrial injury insurance.

However, it should be noted that the minimum payment base is not the lowest in all cases. In some cases, such as when the wages of employees are lower than the minimum payment base, enterprises should pay social insurance premiums according to the minimum payment base. In addition, the minimum payment base may also change due to factors such as policy and economy.

To sum up:

Chongqing's employee base of 4 1 18 is the minimum payment base, which is suitable for social insurance such as endowment insurance, unemployment insurance and industrial injury insurance. However, in some cases, the minimum payment base may change, so the specific situation needs to be considered in combination with relevant policies, economy and other factors.

Legal basis:

Article 60 of the Social Insurance Law of People's Republic of China (PRC) stipulates that the employer shall pay the basic old-age insurance premium according to the proportion stipulated by the state and the total wages of its employees, 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.