What does Social Security base adjustment mean? Why Social Security Premiums Go Up Every Year

What does social security base adjustment mean?

Social security base adjustment refers to the adjustment of the contribution base for social security. Social security costs = contribution base * contribution ratio, the adjustment of the contribution base will have a direct impact on the amount of social security costs we pay.

Usually understood, the contribution ratio is the individual and the company respectively according to how much the proportion of social security, this general situation will not often change, in the case of the contribution ratio does not change, the higher the contribution base, the higher the payment of social security premiums, although the payment of more social security costs, we will have less wages, but in fact, part of the money is to our social security personal account, and in the long run, the social security premiums, the social security premiums, the social security premiums, the social security premiums, the social security premiums, the social security premiums, the social security premiums, the social security premiums, the social security premiums, and so on.

In the long run, the more social security premiums you pay, the more pension you get after retirement.

Why do social security premiums go up every year?

The limit of the scope of the social security payment base is based on the average social wage to determine the situation, because at present, from the overall point of view, the whole society's wage income and the minimum wage are gradually increasing, so the social security contribution base will also be synchronized to increase, which is the reason that every year you need to pay social security fees are gradually increasing.

After the adjustment of the social security base, you need to pay the social security fees according to the new contribution base, and some cities will also require to make up the difference. Once the base is confirmed, it will not be changed for one year.

It is important to note that as some areas will require ? The first thing you need to do is to make up for the difference in the base.