There are upper and lower limits for the social insurance payment base, and the minimum cannot be less than 60% of the average monthly salary of the city’s employees in the previous year (employees of private enterprises, employees of individual industrial and commercial households, and employees with non-urban registered residence in this city must not be less than 50%.

Private enterprise legal persons, shareholders, and individual industrial and commercial owners shall not be less than 100%); the maximum shall not be higher than 300% of the average monthly salary of employees in the city in the previous year. The average salary of employees in this city is announced every year by the Municipal Bureau of Statistics.

The payment base is fixed every year within the same payment year and will not be changed midway. From April to June every year, the employer should declare the social insurance payment base of its employees for the new year according to the notice from the social insurance agency in the city where it is located.

Extended information:

According to the "Social Insurance Law of the People's Republic of China":

Article 64 Social insurance funds include basic pension insurance funds , basic medical insurance fund, work-related injury insurance fund, unemployment insurance fund and maternity insurance fund.

Except for the basic medical insurance fund and maternity insurance fund, which are jointly established and accounted for, other social insurance funds are accounted for and accounted for separately according to the types of social insurance insurance. Social insurance funds implement the unified national accounting system.

The social insurance funds are earmarked for exclusive use and may not be misappropriated or misappropriated by any organization or individual.

Basic pension insurance funds will gradually be implemented at the national level, and other social insurance funds will be gradually implemented at the provincial level. The specific time and steps will be stipulated by the State Council.

Article 65: Social insurance funds shall achieve balance between revenue and expenditure through budget.

People's governments at or above the county level will provide subsidies when social insurance funds are insufficient to pay.

Article 66: Social insurance funds shall establish budgets according to the overall planning level. Except for the basic medical insurance fund and maternity insurance fund budgets, which are compiled together, other social insurance fund budgets are prepared separately according to social insurance items.

Article 67: The preparation, review and approval of social insurance fund budgets and final accounts drafts shall be carried out in accordance with the law and the provisions of the State Council.

Article 68: Social insurance funds are deposited into special fiscal accounts, and specific management measures are prescribed by the State Council.

Article 69: On the premise of ensuring safety, social insurance funds invest and operate in accordance with the regulations of the State Council to maintain and increase their value.

Social insurance funds shall not be invested and operated in violation of regulations, shall not be used to balance other government budgets, shall not be used to build or renovate office spaces or pay personnel expenses, operating expenses, and management expenses, or shall be misappropriated in violation of laws and administrative regulations. for other purposes.

Baidu Encyclopedia-Social Insurance Base