In Zhejiang Jinhua, a social security base of 21,500 yuan is a relatively high standard. Here's a breakdown:
- Upper Limit Benchmark: In 2024, the upper limit of the social security contribution base in Zhejiang Province was determined at 24,930 yuan per month, calculated as 300% of the weighted average wage in 2023. A base of 21,500 yuan is close to this upper limit, indicating that the individual's income level is high. If the income exceeds the average wage of employees in the province by a large margin, the contribution base may be set at a high value close to the upper limit.
- Contribution Amount Implication: With a high contribution base like 21,500 yuan, both the individual and the employer need to pay more in social security contributions. For example, in pension insurance, if the individual contribution rate is 8%, the individual has to pay 21,500×8% = 1,720 yuan per month, and the employer also has to pay a significant amount according to the corresponding rate. This results in a larger total contribution amount, which will have a positive impact on future pension benefits.
- Benefit Correlation: A high social security base often means more substantial social security benefits in the future. In pension calculation, a higher contribution base will increase the calculation of basic pensions and personal account pensions. In medical insurance, although the reimbursement ratio may be fixed, the upper limit of reimbursement may be higher due to a high contribution base, providing more comprehensive medical security.
In conclusion, a social security base of 21,500 yuan in Jinhua reflects a high income level of the payer, leading to higher contribution amounts and potentially more generous future social security benefits. However, specific benefit calculations also need to consider other factors such as contribution years.
