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What is the supervision and inspection of social insurance funds by social insurance administrative departments?
Legal analysis: income and expenditure, management and investment operation
Legal basis: Article 79 of the Social Insurance Law of People's Republic of China (PRC), the administrative department of social insurance shall supervise and inspect the income and expenditure, management and investment operation of social insurance funds according to law. If problems are found, rectification suggestions shall be put forward, and a decision shall be made according to law or suggestions shall be made to the relevant administrative departments. The inspection results of social insurance funds shall be announced to the public regularly.
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