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What does Dalian Social Security 523 New Deal mean?

It refers to the Notice of Dalian Municipal People's Government on Comprehensively Promoting Provincial Overall Planning of Basic Endowment Insurance for Enterprise Employees.

This policy is formulated in order to implement the requirements of the state and Liaoning Province on promoting the deployment of the basic old-age insurance for enterprise employees at the provincial level, realize the unification of the province's old-age insurance policies, coordinate fund revenue and expenditure, and further improve the fairness and sustainability of the basic old-age insurance.