In Zhejiang Huzhou, the differences between a social security base of 13,300 and 5,000 are as follows:
- Payment amount: With a social security base of 13,300, the amount paid by both the individual and the employer for various social insurance types such as pension, medical, unemployment, work-related injury, and maternity insurance will be higher. For example, for pension insurance, if the individual contribution rate is 8%, the individual will pay 13,300×8% = 1064 yuan per month; while with a base of 5,000, the individual pays 5,000×8% = 400 yuan per month.
- Pension benefits: In the future, when receiving pensions, those with a higher social security base like 13,300 are likely to get more. Because pension calculation is related to the contribution base. The higher the contribution base during the working period, the more funds are accumulated in the personal account, and the basic pension part calculated according to the average wage of the local employees will also be relatively higher.
- Medical insurance personal account: For medical insurance, a higher base means more funds are allocated to the personal account. This allows for more use of personal account funds for medical expenses such as seeing a doctor and buying medicine in the outpatient department. For instance, if the proportion of funds allocated to the personal account is 2%, with a base of 13,300, 13,300×2% = 266 yuan will be allocated to the personal account each month; with a base of 5,000, only 5,000×2% = 100 yuan is allocated.
- Unemployment, work-related injury, and maternity insurance: Although the benefits of these insurances are not directly proportional to the payment base in the same way as pensions, a higher payment base indicates that more premiums are paid, which may also have an impact on the level of benefits enjoyed when these insurance events occur. For example, in the case of unemployment insurance, the amount of unemployment benefits may be related to the contribution base to a certain extent.
In general, a higher social security base in Huzhou, such as 13,300, requires more current payments but may bring relatively more benefits in the future in terms of pensions and medical insurance personal accounts. However, it also means a greater financial burden on both individuals and employers in the short term. When choosing a social security base, individuals and employers need to comprehensively consider their economic strength and long-term interests.
