Social insurance base, referred to as social insurance base, refers to the social insurance payment base of employees in a social security year. It is determined according to the average monthly wage income of employees from June 1 day to February 1 day in the previous year. The social insurance payment base is an important basis for calculating the social insurance premiums and social insurance benefits paid by employers and their employees. There are upper and lower limits, depending on the actual situation in each region.
Social insurance:
Social insurance is the core part of the social security system, which refers to a system in which the state is the main body, the specialized agencies of laws and regulations are responsible for the implementation, and social forces are used to raise funds from workers and their employers through legislative means to establish special funds to ensure that workers can get a certain degree of income compensation after losing their labor income, so as to ensure the normal operation of labor reproduction and expand reproduction and ensure social stability. The social insurance institution in China is Ministry of Human Resources and Social Security of the People's Republic of China.
According to relevant laws and regulations, social insurance covers five types of insurance:
1. Pension insurance
The state and society establish a social insurance system in accordance with certain laws and regulations to solve the basic life of workers after they reach the working age limit stipulated by the state, terminate their labor obligations or quit their jobs because of old age.
2. Unemployment insurance (unemployment insurance)
A system that provides material assistance to workers who have temporarily interrupted their sources of livelihood because of unemployment, thus ensuring the basic livelihood of unemployed people during unemployment and promoting their re-employment.
3. Work injury insurance
It refers to a social security system that the state and society provide medical care, living security, economic compensation, medical treatment and vocational rehabilitation for workers and their relatives who suffer from accidents and occupational diseases in production and work.
4. Medical insurance
When a worker is sick or injured, a kind of material help given by the state or society, that is, a social security system that provides medical services or economic compensation. The publicly-funded medical care and labor insurance medical care established in the early 1950s in China are collectively referred to as employee medical insurance.
5. Maternity insurance
It refers to a social insurance system that the state and society provide timely material help to ensure the basic life of workers and the medical care needs during pregnancy and puerperium when the labor force is temporarily interrupted due to childbirth.