"Old-age pensions must be paid on time and in full," said Li.
The meeting also decided to lower social security contribution rates.
So far, various types of social insurance funds are in steady operation, and are competent in ensuring payments on time and in full. Policies to reduce social security contribution rates delivered notable effects in the first half of this year, as companies saw their spending on workers' basic pensions, unemployment insurances and work-related injury insurances decreased by over 128 billion yuan (about 18.5 billion U.S. dollars).
The meeting urged departments to gain firsthand information on delivery of the policies and corporate feedback, and promptly address new problems as they arise.
The payment format will remain consistent. While keeping the share borne by employers for workers' basic aged-care insurance at no higher than 16 percent, no policy adjustment will be made this year regarding the varying payment rates and bases in certain provinces. Local authorities must earnestly shoulder their primary responsibilities of pension payments and ensure that no one is left unpaid.
"The tax and fee cuts we introduced early this year have boosted market confidence and delivered concrete benefits to market players. Such measures are fairest, most effective, and most direct in anchoring market expectations and spurring future development," Li said. "We must ensure full implementation of our policies introduced early this year to reduce employers' contributions to social insurance schemes."
【国内英语资讯:Chinas social security funds to be replenished with state capital】相关文章:
★ l played with some kangaroos
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15