Job Recruitment Website - Social security inquiry - Has the May 7th Workers' Pension Insurance been stopped?
Has the May 7th Workers' Pension Insurance been stopped?
Legal analysis: May Seventh Workers refer to those who worked in oil, coal, chemical industry, construction, building materials, transportation, metallurgy, nonferrous metals, medicine, textile, machinery, light industry, agriculture, forestry, water, animal husbandry, electric power, military industry and other 19 state-owned enterprises in the 1960s and 1970s, and had permanent residence in towns. The endowment insurance of the May 7th Workers' Project has not been stopped, and it is subsidized by the government.
Legal basis: Article 13 of the Social Insurance Law of People's Republic of China (PRC) stipulates that the basic old-age insurance premium that employees of state-owned enterprises and institutions should pay during the payment period shall be borne by the government. When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.
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