Measures for the supervision and administration of endowment insurance

There are no special provisions on pensions in the Labor Law. Please refer to the Interim Regulations on the Collection and Payment of Social Insurance Fees.

Interim regulations on the collection and payment of social insurance premiums

decree of the state council of the people's republic of china

No.259

The "Provisional Regulations on the Collection and Payment of Social Insurance Fees" was adopted at the 13 executive meeting in the State Council on June, 2004 199 14, and is hereby promulgated and shall come into force as of the date of promulgation.

Premier Zhu Rongji

1999 1 22nd of the month

Article 2 These Regulations shall apply to the collection and payment of basic old-age insurance premiums, basic medical insurance premiums and unemployment insurance premiums (hereinafter referred to as social insurance premiums).

The units and payers mentioned in these Regulations refer to the units and individuals that should pay social insurance premiums in accordance with relevant laws, administrative regulations and the provisions of the State Council.

Article 3 The collection scope of basic old-age insurance premiums: state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and their employees, and institutions and their employees that implement enterprise management.

The collection scope of basic medical insurance premium: state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and their employees, state organs and their employees, institutions and their employees, private non-enterprise units and their employees, social organizations and their full-time employees.

The collection scope of unemployment insurance premium: state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and their employees, institutions and their employees.

The people's governments of provinces, autonomous regions and municipalities directly under the Central Government may, according to local actual conditions, stipulate that urban individual industrial and commercial households should be included in the basic old-age insurance and basic medical insurance coverage, and social organizations and their full-time staff, private non-enterprise units and their employees, and urban individual industrial and commercial households with employees and their employees should be included in the scope of unemployment insurance.

The payment base and rate of social insurance premiums shall be implemented in accordance with relevant laws, administrative regulations and the provisions of the State Council.

Article 4 Payment units and individuals shall pay social insurance premiums in full and on time.

The social insurance premiums collected shall be incorporated into the social insurance fund for special purposes, and no unit or individual may misappropriate them.

Perfecting the Regulation on the Pilot Fund of Urban Social Security System (Guo Fa [2000] No.42)

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Seven, strengthen the collection and management of social security funds.

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(5) Strengthen the administrative supervision and social supervision of social security. It is necessary to establish a social security supervision committee composed of government departments, employers, employee representatives and experts to supervise the implementation of social security policies and fund management according to law. Relevant departments should earnestly perform their supervisory functions and prevent dereliction of duty, dereliction of duty and corruption.

, misappropriation, interception, arrears of social security funds and other acts shall be investigated and dealt with according to law.

Provisions of the State Council on Improving the Basic Endowment Insurance System for Enterprise Employees (Guo Fa [2005] No.38) on Fund Supervision

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Five, strengthen the collection and supervision of the basic old-age insurance fund.

It is necessary to fully implement the provisions of the Provisional Regulations on the Collection and Payment of Social Insurance Fees, strictly implement the system of social insurance registration and payment declaration, strengthen social insurance audit and labor security supervision and law enforcement, and strive to improve the collection rate. All units and individuals participating in the basic old-age insurance for enterprise employees must be insured on time.

Pay the basic old-age insurance premium in full; Those who refuse to pay or conceal underpayment of basic old-age insurance premiums shall be dealt with according to law; For those who have not paid the basic old-age insurance premium, various measures should be taken to increase the recovery efforts to ensure the full collection of the basic old-age insurance fund. All localities should actively adjust the structure of fiscal expenditure and increase capital investment in social security in accordance with the requirements of establishing public finance.

The basic old-age insurance fund should be included in the financial accounts, and two lines of revenue and expenditure management should be implemented. Misappropriation is strictly prohibited. It is necessary to formulate and improve the laws and regulations on the supervision and management of social insurance funds and realize supervision according to law. The people's governments of all provinces, autonomous regions and municipalities directly under the Central Government should improve the working mechanism to ensure the smooth implementation of the fund supervision system. We should continue to play the role of audit supervision, social supervision and public opinion supervision to jointly safeguard the security of the fund.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.