In Jiangsu Nantong, for the period from January 1 to December 31, 2024, the upper limit of the payment wage base for enterprise employees' basic pension insurance is 24,396 yuan, and the lower limit is 4,879 yuan. The payment wage base is divided into twelve levels, which are 4,879 yuan, 6,000 yuan, 7,000 yuan, 8,000 yuan, 9,000 yuan, 10,000 yuan, 12,000 yuan, 14,000 yuan, 16,000 yuan, 18,000 yuan, 20,000 yuan, and 24,396 yuan in sequence. So, a social security base of 18,200 yuan in Nantong corresponds to the tenth level.
- Level setting principle: The setting of these levels is based on factors such as the average wage level of local employees and the affordability of different groups. It aims to meet the diverse needs of insured individuals, allowing them to choose a suitable payment level according to their economic situation.
- Influence on pension treatment: Generally speaking, the higher the payment base level, the more pension contributions an individual pays during the working period. According to the principle of "more payment, more gain" in pension calculation, the higher the payment base level, the higher the pension amount that can be received after retirement. For example, when calculating the basic pension, the payment base level is an important factor in determining the calculation of the average contribution index, which has a direct impact on the amount of the basic pension.
- Applicable population: These levels are mainly applicable to self - employed individuals without employees and flexible employees. They can independently choose an appropriate payment wage base level to pay enterprise employees' basic pension insurance premiums according to their own income and pension planning needs.
In conclusion, a social security base of 18,200 yuan in Nantong is the tenth level in the local social security payment base level setting. When choosing a payment level, individuals should comprehensively consider their own economic strength and future pension needs to make a more appropriate choice.
