PRC Social Security Scheme

Part I of Essay
E-mail: you_zhang@hotmail.com „h Major Characteristic of - Only applicable to Chinese local employees - Local requirements may vary from locality to locality. „h Structure of Social Security Scheme - Pension - Unemployment Insurance - Medical Insurance - Housing National ....

Part II of Essay
.... Individual Account b. 13% to 17% goes to Basic Pension Pooling Account „h Employee Contribution - Start at 4% of employee salary in 1997, to be gradually increased to 8% - Contribution goes to Basic Pension Individual Account National Requirement ¡V Unemployment Insurance „h ¡§Unemployment Insurance Regulation ¡¨ issued by State Council on January 22, 1999. „h Mandatory participants - Requires mandatory participation by enterprises and employees; - ¡§Enterprise¡¨ refers to ¡§Urban enterprises and institutions¡¨, including: a. State-owned e ....