Social security is related to everyone's interests. Therefore, the dynamics of social security policy has always been concerned. According to the latest news, the social security rate will drop on May 1. Will the rate drop affect the benefits of social security? Will the social security benefits shrink if the rate is lowered? The majority of participants are most concerned about these issues. Let's learn about them.
Will social security benefits be affected by the decline of social security rates
For a long time, social security rate can be divided into endowment insurance rate, medical insurance rate, unemployment insurance rate, industrial and commercial insurance rate and maternity insurance rate. In recent years, the social security rate has been continuously reduced, which is said to reduce the employment cost for enterprises. It is reported that reducing the rate of social insurance premium can stabilize social life, redistribute and promote social and economic development.
If in the first time, the social insurance system as an important tool of demand management to play a positive role in the social economy; at the same time, the effective use of its social insurance fund can promote the sustainable development of the economy.
Will social security benefits be affected by the decline of social security rates
A few days ago, the general office of the State Council issued the comprehensive plan for reducing social insurance premium rates (hereinafter referred to as the plan), emphasizing the need to consider reducing social insurance premium rates as a whole, improve the social insurance system, and steadily promote the reform of the social insurance premium collection system, so as to ensure that the burden of social insurance payment of enterprises, especially small and micro enterprises, has substantially decreased, and that all kinds of social insurance benefits of employees are not affected Influence and pay in full and on time.
According to the plan, starting from May 1, 2019, the payment proportion of basic endowment insurance units for urban employees will be reduced. At present, the payment proportion of units in provinces with higher than 16% can be reduced to 16%. At the same time, we will continue to reduce the rates of unemployment insurance and work-related injury insurance. From May 1, 2019, provinces that implement 1% of the total rate of unemployment insurance will extend the period of reducing the rate of unemployment insurance by stages to April 30, 2020. From May 1, 2019, extend the period of phased reduction of work-related injury insurance rate to April 30, 2020.
The plan proposes to adjust the social security payment base policy. All provinces should determine the upper and lower limits of individual social security payment base based on the weighted average wages of Urban Non private sector employees and urban private sector employees, and reasonably reduce the social security payment base of some insured persons and enterprises. Individual industrial and commercial households and flexible employees can voluntarily choose the appropriate payment base within a certain range to participate in the basic endowment insurance for enterprise employees.