Tianjin releases 2013 local average wage standard for employees: monthly average wage is CNY 4,260 while annually average wage is CNY 51,112. Work-related injury insurance, salaries and benefits, as well as other treatment, will be calculated based on CNY 4,260.Â
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In addition, Tianjin also releases the following average wage standard, which would be used as calculation basis under specific circumstances:Â
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1. Average wage for enterprise employee in 2013: monthly average wage is CNY 4,070 and annually average wage is CNYÂ 48,841, used for the calculation of the lump-sum settlement allowance in the case of policy-mandated bankruptcy.
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2. Average wage for on-post staff in 2013: monthly average wage is CNY 5,714 and annually average wage is CNY 68,568, used for the calculation of pension insurance treatment.
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The above average salary standard is applied as of January 1, 2014.Â