Qingdao 4050 Social Security Subsidy Policy

Legal analysis: In order to encourage and support older unemployed people and other groups with employment difficulties to achieve employment through flexible employment, Qingdao has implemented the Social Insurance Subsidy Policy for Flexible Employment of Persons with Employment Difficulties according to national and provincial arrangements. At present, unemployed women over 40 years of age and men over 50 years of age can apply for recognition as people with employment difficulties. Individuals who engage in flexible employment, register flexible employment and pay social insurance premiums according to regulations can enjoy social insurance subsidies according to 2/3 of the actual social insurance premiums, and the longest period in 500 yuan is no more than 36 months. If the first application for subsidies is less than 5 years away from the statutory retirement age, the subsidy period will be extended to the statutory retirement age.

Legal basis: Article 5 of the Social Insurance Law of People's Republic of China (PRC) People's governments at or above the county level shall incorporate social insurance into the national economic and social development plan. The state raises social insurance funds through multiple channels. People's governments at or above the county level shall give necessary financial support to social insurance. The state supports social insurance through preferential tax policies.