In Ningbo, Zhejiang, a social security base of 10,700 yuan indicates that the employee's average monthly income for social security contribution calculation is 10,700 yuan. This base falls within the range determined by the local social security regulations, with the upper limit set at 300% of the average monthly wage of employees in the previous year and the lower limit at 60% of the average monthly wage of employees in the previous year. For example, if the upper limit is 24,930 yuan and the lower limit is 4,812 yuan in a certain year, 10,700 yuan is within this range. Here are some key aspects:
- Calculation of contribution amount:
- For employees: The social security contributions are calculated based on this base and the corresponding contribution rates for different social security items. For instance, in terms of basic pension insurance, if the employee contribution rate is 8%, then the monthly pension insurance contribution by the employee is 10,700×8% = 856 yuan. If the employer contribution rate is 14%, the employer's monthly pension insurance contribution is 10,700×14% = 1498 yuan.
- For employers: They need to pay social security contributions for employees according to this base. The total social security burden on employers includes contributions for pension, medical, unemployment, work - related injury, and maternity insurances. Taking the medical insurance as an example, if the employer contribution rate is (10 + 1)%, the employer's monthly medical insurance contribution for this employee is 10,700×(10 + 1)% = 1177 yuan.
- Impact on future benefits:
- Pension: A higher social security base like 10,700 yuan generally means that more is contributed to the pension account during the working years. When calculating the pension amount after retirement, factors such as the contribution base and contribution years are considered. With a relatively high contribution base, the pension amount received in the future is likely to be higher. Because part of the pension calculation is related to the accumulated amount in the personal pension account, and a higher contribution base leads to a larger accumulation.
- Medical insurance: When it comes to medical insurance, although the specific reimbursement ratio may not be directly related to the contribution base, a higher contribution base may be associated with a higher amount in the personal medical account. This means that more money can be used for outpatient visits, purchasing medicines, etc. from the personal medical account.
In general, a social security base of 10,700 yuan in Ningbo represents a certain level of income for social security contribution. It affects both the current contribution amount of employees and employers and has an impact on employees' future social security benefits. It is important to note that social security policies may be adjusted, so it is advisable to pay attention to the latest announcements from the local social security department.
