According to the new calculation and payment method, the average of the sum of the average monthly salary of employees in the previous year and their indexed monthly average payment wages (that is, half of the sum of the two figures) is the calculation base, and the basic pension is paid to 1% every1year (including the deemed payment period, calculated to the month).
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On June 29th, 20 15, the Ministry of Human Resources and Social Security and the Ministry of Finance jointly issued the Measures for the Administration of Investment in Basic Endowment Insurance Funds, soliciting opinions from the public, and the deadline for feedback was July, 2065438 13. With the solid progress of the pension reform, the number of insured persons is increasing and the fund scale is expanding. Measures for investment management of pension funds should be issued in time.
On August 23rd, the Chinese government website published the Measures for Investment Management of Basic Endowment Insurance Fund, which was officially promulgated and implemented by the State Council recently. This is a major event and breakthrough in the history of China's pension insurance system reform, which indicates that trillions of basic pension insurance funds are expected to become a new force in China's capital market.
The Notice on Establishing the Central Adjustment System of the Basic Endowment Insurance Fund for Enterprise Employees issued by the State Council has been implemented since July 1 2065438.
References:
Baidu encyclopedia-basic pension