PRC Social Security Scheme

A detailed Summary of PRC Social Security Scheme

 Major Characteristic of PRC Social Security Scheme

- Only applicable to Chinese local employees

- Local requirements may vary from locality to locality.

 Structure of Social Security Scheme

 "Decisions of the State Council Concerning the Establishment of a Unified System of Basic Old-age Insurance for Staff and Workers of Enterprises"(July 16, 1997)

 Structure of the Basic Pension Scheme

- Requires mandatory participation by enterprises and employees;

- Maximum contribution of 20% of the total wages of the enterprises in general unless approved by Labour Bureau and Ministry of Finance.

e. Government organizations, institutions;

Some common words found in the essay are:
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Approximate Word count = 503
Approximate Pages = 2 (250 words per page double spaced)

Category: Politics

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