Social security accounts of government agencies and institutions

After entering the establishment of public institutions, the retirement pension system of public institutions will be implemented from the month when employees enter public institutions from enterprises. Their original continuous length of service will be combined with their working years after entering the organization. When they retire, their pensions will be paid according to the methods of government agencies. The established personal account will continue to be managed by the social insurance agency. When you retire, the amount stored in your personal account will be paid on a monthly basis according to L/ 120, and the pension paid according to the method of government agencies and institutions will be deducted accordingly.

According to the legal basis of document number [200 1] 13 issued by the Ministry of Labor and Social Security, the retirement pension system for government agencies and institutions will be implemented from the month when employees are employed by enterprises, and their original continuous service years will be combined with their working years after entering government agencies and institutions. At the time of retirement, the pension will be paid according to the measures of government agencies and institutions, and the established personal account will continue to be managed by social insurance agencies. When you retire, your personal account is stored monthly.

People's Republic of China (PRC) social insurance law

Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premium should be paid by the government during the payment period.

When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.

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