The difference between the social security base of 19,800 and 5,000 in Anqing, Anhui mainly lies in the following aspects:
- Payment amount: With a higher social security base of 19,800, the amount of social security contributions paid by individuals and employers will be significantly more. For example, in pension insurance, if the contribution rate is 8% for individuals, those with a base of 19,800 will pay 19,800×8% = 1,584 yuan per month, while those with a base of 5,000 will only pay 5,000×8% = 400 yuan per month. The same logic applies to other types of social insurances like medical, unemployment, and work-related injury insurances.
- Benefits received:
- Pension: When it comes to pension benefits, a higher contribution base usually leads to a higher pension amount in the future. Because pension calculations are related to factors such as the contribution base and contribution years. Those with a base of 19,800 contribute more during their working years, so when they retire, they are likely to receive a much higher monthly pension compared to those with a base of 5,000.
- Medical insurance: In some cases, a higher social security base may also affect the reimbursement ceiling and personal medical account balance. For instance, the personal medical account is filled based on a certain percentage of the social security base. So, individuals with a base of 19,800 will have more money deposited into their medical accounts each month, which can be used for medical expenses such as seeing a doctor and buying medicine.
- Applicable objects: The social security base of 19,800 is usually applicable to employees with high incomes, whose actual monthly wages reach or exceed a certain proportion (such as 300% of the local average wage). On the contrary, a base of 5,000 may be more suitable for employees with relatively lower incomes, or those whose wages are around the local average wage level or slightly lower.
In general, the choice of social security base is closely related to an individual's income level and future social security benefits. When choosing, individuals should comprehensively consider their current economic situation and long-term benefit expectations.
