Hunan's social security payment base in 2024 refers to the standard for units and individuals participating in social insurance in Hunan Province to pay social insurance premiums in accordance with the prescribed proportion and base during that year.

The determination of this base number is directly related to the social security benefits and rights protection of insured persons.

First of all, the setting of the social security payment base is the result of comprehensive consideration of various factors such as local economic conditions, employee income levels, and social security needs.

In Hunan Province, the government will formulate the social security payment base for the current year based on factors such as the average salary, price index, and social security fund income and expenditure of the previous year.

The determination of this base is aimed at ensuring the basic living needs of insured persons and at the same time ensuring the stable operation of social security funds.

Secondly, the setting of the social security payment base also reflects the principles of fairness and sustainability.

On the one hand, by setting the minimum and maximum payment base, it can be ensured that low-income people can also enjoy certain social security benefits, while high-income people will not have their quality of life affected by excessive payment burdens.

On the other hand, by adjusting the payment base in a timely manner, the balance of income and expenditure of the social security fund can be maintained and the sustainable development of the social security system can be ensured.

In Hunan Province, the adjustment of the social security payment base is usually the responsibility of the human resources and social security departments.

They will formulate specific adjustment plans based on relevant policies and regulations and actual conditions, and announce and implement them after government approval.

At the same time, the government will also strengthen the supervision and management of the social security payment base to ensure the compliance and fairness of the payment base.

It is very important for participating units and individuals to understand and comply with the regulations on the social security payment base.

Units shall pay social insurance premiums for employees in accordance with the prescribed proportions and bases, and employees shall also pay their personal portion of social insurance premiums in full and on time.

This will not only protect individuals’ social security rights, but also contribute to social harmony and stability.

To sum up: Hunan’s social security payment base in 2024 is a standard determined based on comprehensive consideration of local economic conditions, employee income levels, social security needs and other factors, aiming to ensure the basic living needs of insured persons and the stable operation of social security funds.

Insured units and individuals should abide by relevant regulations and pay social insurance premiums in full and on time to safeguard individual social security rights and interests and social harmony and stability.

Legal basis: Article 12 of the "Social Insurance Law of the People's Republic of China" stipulates: The employer shall pay basic pension insurance premiums in accordance with the proportion of the total wages of its employees stipulated by the state, and record them into the basic pension insurance pooling fund.

Employees should pay basic pension insurance premiums in accordance with the proportion of their wages stipulated by the state and record them into their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in basic pension insurance in the employer, and other flexible employment personnel who participate in basic pension insurance shall pay basic pension insurance premiums in accordance with national regulations and record them separately in the basic pension insurance pooling fund

and personal accounts.

Article 35 of the "Social Insurance Law of the People's Republic of China" stipulates: The employer shall pay work-related injury insurance premiums based on the total wages of its employees and the rate determined by the social insurance agency.