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How much has the endowment insurance rate been reduced? The latest regulations of endowment insuranc

The Ministry of human resources and social security held a press conference in the third quarter of 2018. According to the latest regulations on endowment insurance in 2018, the adjustment of basic pension for retirees in 2018 was carried out in an orderly manner, and the endowment insurance rate was reduced. So, how much lower the endowment insurance rate is? Come and have a look.

What is the balance of social security fund in China?

Continue to reduce in stages

Unit rate of basic endowment insurance for enterprise employees,

Whether social security fund operation and

Does the standard of endowment insurance treatment of the insured affect?

You Jun, Vice Minister of human resources and social security

At the State Council's regular policy briefing on September 9

Responded

Enterprise endowment insurance rate reduced from 20% to 19%

On April 4, the third executive meeting of the State Council deliberated and adopted relevant policies and measures to further clarify and standardize government charges.

The scope of the clean-up norms includes not only administrative fees and government funds, but also basic endowment insurance, unemployment insurance, work-related injury insurance, housing provident fund, and margin in the field of engineering construction.

There are various ways to clean up and standardize. Some charging items have been suspended, charging standards have been reduced, and some due fee relief measures have been extended.

Among them, the social security fee reduction is mainly a continuation of the policy of reducing the enterprise's endowment insurance rate since 2016, from 20% to 19%. Originally due on April 30 this year, it is now extended for one year to April 30 next year.

The policy also includes extending the policy period of reducing the proportion of enterprises' housing accumulation fund.