Attention! In 2024, the social security payment standard will be "double reduced", and flexible employment personnel will benefit
Flexible workers are those who do not belong to a traditional employment relationship, but who are engaged in professional activities in the form of personal or temporary work. They include freelancers, self-employed, net workers, temporary workers, etc. They are relatively flexible in when, where, what and how they work, and are not subject to fixed constraints and restrictions. The number of flexible workers in China has crossed the 200 million mark.
i.Participation of people in flexible employment.
Although flexible workers enjoy the freedom and flexibility of work, they also face problems such as unstable income, job insecurity, and high risk. If they do not participate in social insurance, they will not have any protection in the event of an accident or retirement, and they may be in trouble. Therefore, it is very necessary and advisable for people in flexible employment to participate in social insurance.
Flexible employees can choose to participate in employee pension insurance, but the participation process is relatively complicated. When they choose to pay pension contributions, they must determine the contribution base based on their individual circumstances.
The upper and lower limits of the contribution base are generally 300% and 60% of the average monthly wage of the whole society in the previous year, respectively.
At the same time, the contribution rate is 20% of the contribution base, of which 12% is credited to the ordinary** and 8% to the individual pension account.
This means that flexible workers should consider how to determine their contribution base when joining the scheme. The higher the contribution base, the higher the contribution amount, but the higher the future pension. The lower the contribution base, the less the contribution will be, but the lower the future pension. Flexibly employed persons should choose a reasonable contribution base according to their income level and expected pension level.
2. Social security contributions in 2024"Double dipping"Policy.
From 2024 onwards, the range of the monthly contribution base for flexible workers will be further expanded to be between $4,212 and $21,060.
This adjustment means that flexible workers can choose a wider contribution base that suits them according to their financial situation.
The contribution base for flexibly employed persons is between 60% and 300% of the average wage of employees in urban units.
At the same time, changing the contribution cycle also provides more choice and flexibility for workers working flexibly. Depending on their income, they can choose to pay social security contributions at any time of the year, rather than having to pay monthly. In this way, they can better organize their funds and avoid delays in paying social insurance due to unstable income.
Social security contributions will be introduced in 2024"Double drop"The policy is a very favorable policy for people in flexible employment. It allows them to enjoy the freedom and flexibility of work while also enjoying the protections and benefits of social security.
iii.Changes in the social security payment procedure: more convenient and simpler.
You may still remember that in the past, when you applied for social security payments, you needed to wait in line at the Social Security Bureau, fill in various **, show various documents, communicate with the staff, and check, which was very annoying and time-consuming. What's more, if you change your place of work or contributions, you'll have to do it all over again, which makes it even more cumbersome and complicated.
There has been a significant change in the process of paying social security, and the tax office is now responsible for paying social security, instead of the former social security office. This change means that the payment process has been simplified, and you can determine your contribution base through the mobile app or by visiting the tax office.
iv.Retirement age and length of coverage: Frequently asked questions and answers.
If you're a flexible worker, you may be worried about retirement. You don't know when you'll be able to retire, you don't know how many years of social security contributions you'll have to make, and you don't know how much pension you'll receive each month. Don't worry, we've prepared some frequently asked questions and answers here to help you clear your mind and plan for retirement.
Q1:What is the retirement age for flexible workers?
The retirement age for flexible workers is the same as for regular workers: 60 for men and 55 for women. This is the legal retirement age set by the state and is not affected by your insurance status or the number of years you have paid contributions.
Q2:How many years have flexible workers been working?
The number of years of participation in the insurance for flexible employees refers to the cumulative number of years of participation in the basic pension insurance for employees, including the number of years of contributions when you are an employee or engaged in flexible employment. The longer the insurance period, the higher the pension benefits. Receiving a basic pension each month requires 15 years of contributions. If you have contributed less than 15 years by the time you reach the statutory retirement age, you can continue to contribute to social security until you reach 15 years.
Social security contributions"Dual-track system"Policies will brighten their future.
With the above introduction, we learned about 2024"Double drop"The content, significance, role and prospect of the social security contribution policy. We know that this policy is very beneficial for people in flexible employment. Let them enjoy the freedom and flexibility of work while also enjoying the protection and benefits of social security.
As flexible workers, I believe that as long as we participate in social security in accordance with relevant national and local policies and regulations, our future will be guaranteed, and our lives will be safer and happier.