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What does Flexible Employment 8.5 mean?
The retirement medical insurance for flexible employees is converted from 4.5% to 8.5.

The endowment insurance for flexible employees is calculated and paid at the base of 0- 100% of the average salary of local employees, and the payment ratio is 20%, of which 8% is paid into personal account and 12% is paid into social pooling fund.

Urban individual industrial and commercial households and flexible employees are insured, and the payment base is 60%-300% of the average salary of local employees in the previous year, and the payment ratio is 8.5%. Individual account distribution and basic medical insurance benefits are the same as those of urban insured workers.