Old Age Pension Insurance Scheme of State Authorities and Public Institutions | Max-Planck-Institut für Sozialrecht und Sozialpolitik - MPISOC
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People's Republic of China

Old Age Pension Insurance Scheme of State Authorities and Public Institutions

机关事业单位养老保险

1 Since 01/05/2019, the contribution rate of the employer can be reduced to 16%; provinces with employer’s contribution rates below 16% must also propose transitional measures to reduce the financial burden on the employer. The adjustment of the contribution rate or the transition plan shall be reported to the Ministry of Human Resources and Social Security and the Ministry of Finance for record.

2 Participants may pay contributions on a lump sum basis to attain 15 years of insurance if they have been continuously paying contributions for 5 years after reaching the statutory retirement age.

Legal Basis: Social Insurance Law of the People's Republic of China (中华人民共和国社会保险法); Individual Income Tax Law of the People’s Republic of China (中华人民共和国个人所得税法); Regulation on the Implementation of the Enterprise Income Tax Law of the People's Republic of China (中华人民共和国企业所得税法实施条例); Several Provisions on Implementing the Social Insurance Law of the People's Republic of China (实施《中华人民共和国社会保险法》若干规定); Decision of the State Council on the Reform of the Old Age Pension Insurance System for Staff Members of State Authorities and Public Institutions (国务院关于机关事业单位工作人员养老保险制度改革的决定), 国发[2015]2; Notice of the Ministry of Human Resources and Social Security and the Ministry of Finance on Implementing the Decision of the State Council on the Reform of the Old Age Pension System for Staff Members of State Authorities and Public Institutions (人力资源社会保障部、财政部关于贯彻落实《国务院关于机关事业单位工作人员养老保险制度改革的决定》的通知), 人社部发[2015]28; Notice of the General Office of the State Council on Issuing the Comprehensive Plan of Reducing Social Insurance Contribution Rates (国务院办公厅关于印发降低社会保险费率综合方案的通知), 国办发[2019]13.