The payment base in Huaibei City refers to the basic amount used to calculate social insurance and housing provident fund payments. According to the "Social Insurance Law" and the "Housing Provident Fund Management Regulations" of the People's Republic of China, the payment of various social insurance and housing provident funds in Huaibei City

The bases vary.

The Huaibei City payment base refers to the basic amount used to calculate social insurance and housing provident fund payments.

According to the "Social Insurance Law" and the "Housing Provident Fund Management Regulations" of the People's Republic of China, the payment bases of various social insurances and housing provident funds in Huaibei City are different.

Taking social insurance as an example, the payment base for Huaibei City's employee social insurance is 300% of the city's average monthly salary of employees in the previous year, while the payment base for urban and rural residents' social pension insurance is 300% of the local average monthly salary of urban non-private unit employees in the previous year.

60%.

In addition, the specific payment base of various social insurances is also affected by policy adjustments and other factors.

Regarding the payment base of the housing provident fund, Huaibei City allows free choice within a certain range, but the minimum payment base shall not be less than 60% of the local monthly minimum wage standard.

At the same time, according to relevant regulations of Huaibei City, when an employee's salary is lower than the minimum payment base, the housing provident fund should be paid according to the minimum payment base.

Why are there different payment base standards?

The payment base standards for different social insurance and housing provident funds are formulated based on laws, regulations and actual conditions.

For example, the payment base for social insurance for employees is higher, mainly to protect the social insurance rights of employees, while the payment base for social pension insurance for urban and rural residents is lower, taking into account special circumstances such as rural residents.

Huaibei City's payment base standards are consistent with laws and regulations, and the payment bases for different social insurances and housing provident funds are determined based on actual conditions.

If you have any questions when paying social insurance or housing provident fund, it is recommended to consult the relevant departments or professionals in a timely manner.

Legal basis: Article 48 of the "Social Insurance Law of the People's Republic of China" The payment base and rate of social insurance premiums shall be stipulated by the State Council or the people's governments of provinces, autonomous regions, and municipalities directly under the Central Government.