What does Beijing social security base mean?

Beijing social security base refers to a benchmark value of wage income. The social security contribution ratio is calculated according to the employee's salary income, so for the sake of fairness, the Social Security Bureau stipulates that every employee must pay social security according to a benchmark value. The determination of the benchmark value needs to refer to the provisions of the state and the average wage level in the corresponding regions.

The way to determine the social security base in Beijing is calculated with reference to the national regulations and the average wage level in the region. China's social security base has a minimum standard and a maximum standard. In Beijing, the minimum base and maximum base are 44 10 yuan and 28,448 yuan respectively. The actual social security contribution ratio of employees is calculated according to this base. The higher the payment base, the greater the social security of employees. However, the social security fees that enterprises need to pay will also increase accordingly.

Beijing's social security base will change every year in the new social security policy. In 20 19, the upper limit of Beijing social security base was adjusted to 28,448 yuan, an increase of 8.8% compared with last year, and the lower limit was 44 10 yuan. This adjustment will have an impact on the social security payment of enterprises and employees, and employees' social security will be better, but at the same time, enterprises need to bear higher social security costs, which will also have a certain impact on business operations.