The minimum social security payment base in Yiwu in 2024 is 4,462 yuan.

Yiwu social security payment standards: 1. Pension insurance.

The unit payment ratio is 12% to 22%, and the individual payment ratio is 8%.

The upper limit of the payment base is 19,783 yuan, and the lower limit is 3,957 yuan.

2. Medical insurance.

The unit payment ratio is 7% to 9%, and the individual payment ratio is 2%.

The upper limit of the payment base is 19,783 yuan, and the lower limit is 3,957 yuan.

3. Unemployment insurance.

The unit payment ratio is 0.5% to 2%, and the individual payment ratio is 1%.

The upper limit of the payment base is 19,783 yuan, and the lower limit is 3,957 yuan.

4. Work-related injury insurance.

The unit payment ratio is 0.5% to 2%, and individuals do not pay.

5. Maternity insurance.

The unit payment rate is 0.8%, and individuals do not pay.

Conditions for applying for social security in Yiwu: 1. People with household registration or long-term residents in Yiwu City.

2. Have not participated in any of: enterprise employee pension insurance, government agency pension insurance, urban and rural resident pension insurance, urban employee medical insurance, urban and rural resident medical insurance, unemployment insurance, work-related injury insurance, maternity insurance, and social security for land-expropriated residents

of the social insurance system.

To sum up, the minimum social security payment base in Yiwu City will be adjusted to 4,462 yuan in 2024. This adjustment will have an impact on the social security payment plans of enterprises and individuals and ensure that the social security system is compatible with the local economic development level.

Legal basis: Article 12 of the "Social Insurance Law of the People's Republic of China" The employer shall pay basic pension insurance premiums in accordance with the proportion of the total wages of its employees stipulated by the state, and record them into the basic pension insurance pooling fund.

Employees should pay basic pension insurance premiums in accordance with the proportion of their wages stipulated by the state and record them into their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in basic pension insurance in the employer, and other flexible employment personnel who participate in basic pension insurance shall pay basic pension insurance premiums in accordance with national regulations and record them separately in the basic pension insurance pooling fund

and personal accounts.

Article 15 The basic pension consists of the overall pension and the personal account pension.

The basic pension is determined based on the individual’s cumulative contribution years, contribution salary, average salary of local employees, personal account amount, average life expectancy of the urban population and other factors.