The difference between the social security base of 21,900 yuan and 5,000 yuan in Quzhou, Zhejiang lies in the following aspects:
- Contribution amount: According to the formula of social security contribution amount = social security base × contribution rate, with a higher social security base of 21,900 yuan, the amount paid by both individuals and employers will be significantly more than when the base is 5,000 yuan. For example, in pension insurance, if the individual contribution rate is 8%, for a base of 5,000 yuan, the individual monthly contribution is 5000×8% = 400 yuan; for a base of 21,900 yuan, the individual monthly contribution is 21900×8% = 1752 yuan.
- Benefit level:
- Pension: In the future pension calculation, a higher social security base like 21,900 yuan usually results in a higher pension. The pension calculation is related to factors such as the contribution base and years of contribution. A high contribution base accumulates more pension rights and interests during the working period, so retirees can get more pension benefits.
- Medical insurance: For medical insurance, a higher contribution base may lead to a higher amount of reimbursement in some cases. Also, the amount in the personal medical account will be more. For instance, if the proportion of the amount 划入个人医疗账户 is 3%, for a base of 5,000 yuan, the monthly amount 划入个人医疗账户 is 5000×3% = 150 yuan; for a base of 21,900 yuan, it is 21900×3% = 657 yuan.
In general, a higher social security base of 21,900 yuan means more contributions during the working period but also more substantial social security benefits in the future compared to a base of 5,000 yuan. However, individuals should choose an appropriate social security base according to their actual income and financial plans.
