The base of pension payment in Jiangxi Province is determined according to the social average wage and minimum wage standard in Jiangxi Province. Specifically, the payment base of endowment insurance in Jiangxi province is determined according to the average monthly salary of employees in the previous year, which is determined according to the average of the minimum monthly salary standard and the maximum monthly salary standard of employees in Jiangxi province.
According to the notice issued by Jiangxi Provincial Department of Human Resources and Social Security, the payment base of endowment insurance in Jiangxi Province is determined according to the data of 202 1. Specifically, the minimum monthly wage for employees in Jiangxi Province is 1580 yuan, and the maximum monthly wage for employees is 18500 yuan. Therefore, the payment base of endowment insurance in Jiangxi Province is determined according to the average of these two standards.
To sum up:
The base of pension payment in Jiangxi Province is determined according to the social average wage and minimum wage standard in Jiangxi Province. Specifically, the payment base of endowment insurance in Jiangxi province is determined according to the average monthly salary of employees in the previous year, which is determined according to the average of the minimum monthly salary standard and the maximum monthly salary standard of employees in Jiangxi province.
Legal basis:
Article 12 of the Social Insurance Law of People's Republic of China (PRC) stipulates: "Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual account respectively."
Article 3 of the Regulations on Basic Old-age Insurance for Enterprise Employees in Jiangxi Province stipulates: "Enterprises, employees and urban self-employed workers must participate in basic old-age insurance and pay basic old-age insurance premiums in accordance with the provisions of these regulations."