Interpretation of the policy of checking the upper and lower limits of social insurance payment base in 2024

On August 5, 2024, the Municipal Human Resources and Social Security Bureau, the Municipal Finance Bureau, the Municipal Medical Insurance Bureau and the Chongqing Municipal Taxation Bureau issued documents, which clarified the work related to the verification of the upper and lower limits of the payment base of endowment insurance, unemployment insurance, work injury insurance and medical insurance (including maternity insurance) in 2024.

1. What is the average salary of employed people in our city in 2024?

In 2024, the average wage of employed persons used in the work of checking the upper and lower payment bases of enterprise employees’ basic old-age insurance, government and institution employees’ old-age insurance, unemployment insurance, industrial injury insurance and medical insurance (including maternity insurance) in our city (including paying social insurance premiums over the years) was determined according to the weighted average wage of employed persons in urban units in 2023 provided by the statistics department, which was 87,169 yuan/year.

2. What are the upper and lower limits of the social insurance payment base in our city in 2024?

In 2024, the upper limit of the monthly payment base of employees participating in the basic endowment insurance for enterprise employees, the endowment insurance for staff of government agencies and institutions, unemployment insurance, work injury insurance and medical insurance (including maternity insurance) in our city is 21,793 yuan, and the lower limit is 4,359 yuan.

3. What are the upper and lower limits of the basic old-age insurance payment base for enterprise employees in our city in 2024?

For those who participate in the basic old-age insurance for enterprise employees as individuals, the upper limit of the monthly payment base in 2024 is 21,793 yuan, and the lower limit is 4,359 yuan.

Fourth, give an example

Example 1: Mr. Liu worked as a department manager in a foreign company, and his average monthly salary last year was 23,000 yuan. When the unit pays the social insurance premium for it in 2024, what is the payment base?

A: The upper limit of social insurance payment base in our city in 2024 is 21,793 yuan/month, and Mr. Liu’s actual salary exceeds the prescribed upper limit of payment base, so his monthly payment base is 21,793 yuan.

Example 2: Wang Gaozhong Jr. graduated and just entered a factory to work, with a monthly salary of 4,000 yuan. When the unit pays the social insurance premium for it in 2024, what is the payment base?

A: In 2024, the lower limit of social insurance payment base in our city is 4359 yuan/month, and Xiao Wang’s actual salary is lower than the prescribed lower limit of payment base, so his monthly payment base is 4359 yuan.

Example 3: Mr. Chen works in an enterprise, with an average monthly salary of 8,000 yuan last year. When the company pays social insurance premiums for him in 2024, what is the payment base?

A: Mr. Chen’s salary is between 4359 yuan/month and 21793 yuan/month, and his monthly payment base is 8000 yuan.

Example 4: Ms. Zhang is a freelancer. What is the social insurance premium payment base in 2024?

A: Ms. Zhang can choose to determine her monthly payment base in 2024 from 4359 yuan to 21793 yuan according to her own situation.