Will social security keep going up?

Whether social security will continue to rise depends on national policies and economic development.

The adjustment of social security payment base is closely related to the change of local per capita income level. Usually, with the increase of per capita income, the social security base will also increase accordingly. However, if the local per capita income drops in a certain year, the social security base will be lowered in theory, although this situation is almost impossible in the current national situation. The determination of social security base is based on the average monthly wage income of employees in the previous year, and there are clear upper and lower limits. Every July, the insured unit needs to declare the social security payment base for the next settlement year, and confirm the declared payment base by means of employee signature or publicity. If the payer fails to declare in accordance with the regulations, the social security agency may tentatively set a new base according to 1 10% of the previous year's payment base. Therefore, whether the social security payment base continues to rise depends on national policies and economic development.

Historical evolution of social security;

1, social welfare measures originated from the western industrial revolution;

2. In China, the social security system began after the founding of 1949 New China;

3. Experienced the transformation from a single labor insurance to a diversified social security system;

4. After the reform and opening up, the social security system gradually transited to the market economy system;

5. In the 2000s, China began to implement a new rural social insurance system;

6. In recent years, with the economic development and the aging population, the social security system has been constantly improved and adjusted.

To sum up, the continuous improvement of social security payment base is closely related to national policies and economic development, and usually increases with the increase of per capita income, but it can be lowered in theory when per capita income decreases, although this situation is rare in practice. The base adjustment follows the upper and lower limits of employees' income in the previous year and needs to be declared by the insured unit and confirmed by employees in July each year. If there is no declaration, a new base can be tentatively set according to the regulations, which reflects the flexibility of the social security base adjustment mechanism and its ability to respond to economic changes.

Legal basis:

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

essay

The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.