2023120 February. According to Netease, it was released on February 20th, 2023/KLOC-0. According to the Notice of Zhejiang Provincial Department of Human Resources and Social Security, Zhejiang Provincial Department of Finance, Zhejiang Provincial Bureau of Statistics, Zhejiang Medical Insurance Bureau and State Taxation Administration of The People's Republic of China Zhejiang Provincial Taxation Bureau on Publishing the Relevant Base of Social Insurance in 2023 (Zherenshefa [2023] No.60), the calculation standard of social security base in Zhejiang in 2023 has been announced, and the new lower limit of social security in Zhejiang will be adjusted to 462. The upper and lower limits of the social security base are generally approved according to 60% to 300% of the monthly social security salary of the previous year. That is, the lower limit of the social insurance payment base of the insured employees is 60% of the average monthly salary of the employees in the province last year, and the new upper limit is 300% of the average monthly salary of the employees in the province last year. On the basis of this standard, relevant departments will also fine-tune the value of the approved standard according to the comprehensive situation. This year's new upper limit of social security base is calculated according to the average annual social wage in Zhejiang Province in 2022. According to the data on the website of Zhejiang Taxation Bureau and the social security base document released this time, the average annual social wage in Zhejiang Province last year (the weighted average wage of employees in non-private and private units in Zhejiang Province) was 96,237 yuan (8,020 yuan/month, hereinafter referred to as the provincial average wage).