Direct reporting network Beijing April 22nd news (Xinhua News Agency Xu Bo) reporter 21, from human resources and social security department learned that the Ministry of human resources and social, Ministry of Finance recently issued a notice, the phase of social insurance rates will be reduced.

Notice that from May 1, 2016, the enterprise workers basic endowment insurance payment ratio of more than 20% of the province (autonomous regions and municipalities), the unit contribution ratio to 20 per cent; unit contribution rate is 20% and by the end of 2015 enterprise workers basic endowment insurance fund accumulated balance can pay months high in 9 months of the province (autonomous regions and municipalities) can stage the unit contribution rate reduced to 19%, reduce the rate term temporarily according to two years. Specific programs determined by the provinces (autonomous regions and municipalities).

From May 1, 2016, unemployment insurance rate in 2015 has been reduced May 1 percentage point based on stage down to 1% to 1.5%, which individual rate should not exceed 0.5%, reduce rate term Zanan for two years. Specific programs determined by the provinces (autonomous regions and municipalities).

The notice said, all localities should continue to implement the State Council 2015 a lower average industrial injury insurance rate 0.25 percentage points and maternity insurance rates 0.5 percentage point decision and relevant policy provisions to ensure the implementation of policies in place. Birth insurance and basic medical insurance and the implementation of the merger, to be formulated by the relevant provisions of the State Council formulated the implementation of the unified organization. 3

(original title: two departments: China will stage a reduction of social security rates)

Editor: Xiao Shen

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