Notice of Chongqing Social Security Base Adjustment in 2021

Legal analysis: The employee’s housing provident fund payment base in 2021 will still be determined based on the employee’s average monthly salary in the previous year; newly joined employees and newly transferred employees will still be subject to the original regulations, that is, those who newly join the job Employees begin to contribute to the housing provident fund from the second month they start working. The monthly deposit amount is the employee's monthly salary multiplied by the employee housing provident fund contribution ratio; employees newly transferred from the unit shall make contributions from the date of salary payment by the unit. For housing provident fund, the monthly payment amount is the employee's monthly salary multiplied by the employee housing provident fund payment ratio.

Legal basis: "Social Insurance Law of the People's Republic of China" Article 65 Social insurance funds achieve balance between revenue and expenditure through budgets.

People's governments at or above the county level will provide subsidies when social insurance funds are insufficient to pay.