In Anhui Anqing, the main differences between a social security base of 5900 and 5000 are as follows:
- Monthly payment amount: The higher the base, the more you pay each month. If the contribution rate is fixed, with a base of 5900, the monthly social security contribution will be higher than that with a base of 5000. For example, for basic pension insurance, if the contribution rate is 20% (8% of which is credited to the individual account), with a base of 5900, the monthly payment is 5900×20% = 1180 yuan, and with a base of 5000, it is 5000×20% = 1000 yuan.
- Individual account accumulation: The higher the base, the more accumulates in the individual account. The part of the social security payment credited to the individual account will be more with a base of 5900. For instance, in pension insurance, the 8% credited to the individual account will be 5900×8% = 472 yuan per month with a base of 5900, while it is 5000×8% = 400 yuan per month with a base of 5000. This will affect the amount of pension received in the future.
- Social security benefits: Higher base generally leads to higher benefits in the future. In the case of pension insurance, when calculating the pension, factors related to the payment base are considered. A higher payment base like 5900 will generally result in a higher pension amount compared to a base of 5000, because the pension calculation formula takes into account the individual's payment base and payment years.
In general, choosing a higher social security base like 5900 means paying more in the short term, but it also brings the possibility of getting more social security benefits in the future. When choosing a social security base, individuals should comprehensively consider their economic situation and future security needs.
