Foshan Social Insurance Bureau issued a notice recently for adjustment of the maximum and minimum contribution base for both basic pension insurance and unemployment insurance, effective from 1 July 2020 to 30 June 2021. According to the statistics data released by Statistic Bureau of Guangdong Province, the average salary of the on-post employees in Guangdong Province for the year 2019 is RMB 6,756, the monthly average salary for the year of 2019 in Foshan is RMB7,200. Please refer to following detailed introductions:

1. From 1 July 2020, the maximum contribution base for pension insurance shall not exceed 300% of the last year’s  average salary of the on-post employees in Guangdong Province,  which will be adjusted to RMB20,268 (i.e.RMB6,756 × 300%); the minimum contribution base for pension insurance shall not be lower than  60% of the average monthly salary of on-post employees in Foshan, which is RMB3,376 (i.e.RMB5,626 ×60%).
   
   
2. From 1 July 2020, the maximum contribution base for unemployment insurance shall not exceed  300% of last year’s average salary of Foshan employees working for urban companies, which will be adjusted to  RMB21,600；The minimum contribution base remains RMB1,720..
   
   
3. From 1 July 2020, the maximum & minimum contribution base for basic medical and maternity  insurance will be adjusted to  RMB5,626.
   
   
4. From 1 July 2020, there is no maximum & minimum contribution base for employment injury insurance, which will be based on the employee’s average monthly salary of last year.