The main differences between the social security base of 17,200 yuan and 5,000 yuan in Yangzhou, Jiangsu are as follows:
- Payment amount: The social security premium is calculated based on the social security base. A higher base means a higher premium. For example, if the contribution rate of pension insurance is 20% (including the unit and individual parts), with a base of 17,200 yuan, the monthly pension insurance payment is 17,200×20% = 3,440 yuan; with a base of 5,000 yuan, the monthly payment is 5,000×20% = 1,000 yuan.
- Benefits in the future:
- Pension: In the future, when calculating the pension, the social security base is an important factor. A higher base usually leads to a higher pension. The pension calculation formula is related to factors such as the average social wage, the individual's payment base, and the payment years. A higher payment base will increase the proportion of the individual's account pension and the basic pension, so the pension received by those with a base of 17,200 yuan will generally be much higher than those with a base of 5,000 yuan.
- Medical insurance: The reimbursement amount and the amount of personal medical accounts may also be affected. A higher social security base usually means that more money is deposited into the personal medical account every month, and in some cases, the reimbursement ceiling and proportion for medical expenses may also be higher, but the specific regulations vary by region.
In general, a higher social security base means higher current payments but also higher potential future benefits. When choosing a social security base, individuals should consider their current economic situation and future expectations.
