Zhejiang province has liberalized the household registration restrictions for flexible employees. Flexible employees with household registration from other provinces can apply for basic old-age insurance for enterprise employees in their places of employment after registering for employment in this province, which not only avoids the trouble of participating in insurance in different places, but also facilitates the flow of workers across the country and enhances the vitality and creativity for local economic development.

Flexible employees pay endowment insurance, and freely choose the payment base between the upper and lower limits. Before 20021,12, and 3 1, the contribution rate of basic old-age insurance for employees in flexible employment enterprises in Zhejiang Province was 18%, of which 8% was credited to personal account and 10% was credited to China pension pooling account.

In order to alleviate the pressure of fund payment, the Zhejiang Provincial Department of Human Resources and Social Security decided to increase the proportion of endowment insurance contributions for flexible employees from 2022, and the proportion of contributions was adjusted to 20%, of which 8% was credited to personal accounts. Although the individual payment pressure of flexible employees has increased, it plays a vital role in the sustainable development of pension insurance and the timely and full payment of pension benefits for all retirees.