Regulations of Guangdong Province on Social Endowment Insurance (revised on 20 14)

Chapter I General Provisions Article 1 These Regulations are formulated in accordance with the Constitution of People's Republic of China (PRC), relevant laws and regulations and the actual situation of our province in order to ensure the basic livelihood of workers after retirement and maintain social stability. Article 2 These Regulations shall apply to the following units and personnel within the administrative area of our province (hereinafter referred to as the insured):

(a) all enterprises, urban individual economic organizations and workers who form labor relations with them;

(two) state organs, institutions, social organizations and workers who have established labor contract relations with them.

Measures for raising and distributing endowment insurance funds of state organs, financial institutions and social group work personnel shall be formulated separately by the provincial people's government. Article 3 Social endowment insurance includes statutory basic endowment insurance, local supplementary insurance and unit supplementary insurance. The government encourages qualified localities and units to establish supplementary insurance for the insured. Fourth social insurance administrative departments in charge of social endowment insurance, the implementation of systematic management. Article 5 Social endowment insurance shall be combined with social pooling and individual accounts, and the expenses of endowment insurance shall be borne reasonably by the state, units and individuals. Endowment insurance benefits are linked to the insured's payment wages and payment years, and a reasonable adjustment mechanism is established to adapt it to the development of national economy and people's living standards. Article 6 The people's government must guarantee the raising of endowment insurance funds and the payment of benefits.

The endowment insurance fund, its income and various endowment insurance benefits shall be exempted from taxes and fees in accordance with state regulations. Chapter II Raising of Endowment Insurance Fund Article 7 Social endowment insurance takes the resident identity card number of the People's Republic of China as the only and lifelong social security number of the insured. Article 8 Sources of endowment insurance funds:

(a) the endowment insurance premium paid by the unit and the insured;

(two) the bank deposit interest of the endowment insurance fund;

(3) Fund income;

(4) late fees;

(5) local financial allocation;

(6) social donations;

(7) Other income. Ninth units and insured persons must pay the old-age insurance premium on a monthly basis according to the prescribed standards. The endowment insurance premiums paid by the insured are all included in the personal account; The endowment insurance premium paid by the unit is included in the social endowment insurance pooling fund. Article 10 The insured shall pay the endowment insurance premium according to a certain proportion of his average monthly salary in the previous year, and the payment proportion shall be determined by the provincial people's government according to the wage income level of employees and the accumulation of personal accounts. The unit shall pay the old-age insurance premium according to a certain proportion of the total wages of its employees as stipulated by the state and the province. The specific proportion shall be determined by the administrative department of social insurance in conjunction with the financial department, and shall be reported to the people's government at the same level for approval and implementation after being audited by the administrative department of social insurance at a higher level.

If the average monthly salary of the insured in the previous year is higher or lower than the standard set by the provincial government, it shall be implemented in accordance with the provisions of the provincial government. Eleventh units in accordance with the provisions of the tax laws and regulations to pay old-age insurance premiums. The endowment insurance premium paid by individuals shall be withheld and remitted before the individual income tax is levied. Article 12 The endowment insurance premium payable by the unit shall be withheld and remitted by the bank with the one-way collection form issued by the social insurance premium collection agency, and no unit may refuse to pay. The endowment insurance premium payable by the insured shall be withheld and remitted by the unit in the salary. Thirteenth unpaid old-age insurance premiums, but unable to repay the unit, you can use fixed assets or physical realization to offset. Article 14 When a unit goes bankrupt, terminates or stops assets verification for other reasons, the liquidator and the unit must respectively notify the social insurance agency where the unit is located, and the endowment insurance premium shall be paid in the order of wages.

Division, merger (merger) units should bear the old-age insurance responsibility of the original unit. Chapter III Treatment of Old-age Insurance Article 15 When the insured reaches the statutory retirement age, if he has passed the qualification examination of the social insurance agency and accumulated contributions for fifteen years, he will receive a basic pension on a monthly basis. When the insured reaches the legal retirement age, if the accumulated payment is less than fifteen years, he can pay for fifteen years and receive the basic pension on a monthly basis; It can also be transferred to the social endowment insurance for urban and rural residents and enjoy the corresponding pension insurance benefits in accordance with regulations.

The insured who receives a monthly pension (including those who have settled abroad) must provide a survival certificate every year. Sixteenth pension insurance payment period refers to the unit and the insured according to the provisions of the standard payment period. The payment period is calculated according to the accumulated monthly payment of endowment insurance premium.

Before 1 July, 9981day (excluding today), the number of years that the insured participated in social endowment insurance is calculated as the payment period. Before the Interim Provisions on Social Endowment Insurance for Employees in Guangdong Province was implemented locally, the continuous length of service of cadres and regular employees in state-owned units owned by collectives at or above the county level, calculated in accordance with the original provisions of the state, was regarded as the payment period. Seventeenth in accordance with the provisions of article fifteenth of this Ordinance, the basic pension consists of basic pension, transitional pension and personal account pension, and the specific implementation measures shall be formulated by the provincial government.

The basic pension and transitional pension are paid by the social pension insurance pooling fund, and the personal account pension is paid by the personal account. The basic pension is adjusted once a year in accordance with the provisions of the state and the province. Article 18 For the insured who retired before 1 July, 19981day (excluding today), the original pension level shall be maintained and adjusted according to the basic pension and transitional pension.