Chapter 1 General Provisions Article 1 In order to protect the basic living standards of workers after retirement and improve the basic pension insurance system, these regulations are formulated in accordance with the Labor Law of the People's Republic of China and relevant national regulations and in combination with the actual situation of this city.
Article 2 Enterprises within the administrative region of this city and urban employees with whom they have labor relations, urban individual industrial and commercial households and flexible employment personnel shall participate in basic pension insurance in accordance with these regulations.
Urban employees, self-employed individuals and people with flexible employment who participate in basic pension insurance are collectively referred to as insured persons.
Article 3 The basic pension insurance system adheres to the principles of extensive coverage, appropriate levels, reasonable structure, and balanced funds.
Article 4 The municipal labor and social security administrative department is responsible for organizing, guiding, supervising and managing the city's basic pension insurance work; the district and county labor and social security administrative departments are responsible for supervising and managing the basic pension insurance work within their respective administrative regions.
The social insurance agency established by the municipal and district and county labor and security administrative departments is responsible for the specific work of registration, collection, payment and auditing of basic pension insurance in accordance with the law; the municipal social insurance agency is responsible for formulating specific management systems and standardizing business processes.
Article 5: The financial department is responsible for the financial supervision and management of basic pension insurance funds; the audit agency is responsible for supervising the revenue, expenditure and management of basic pension insurance funds.
Article 6 The Beijing Municipal Social Insurance Supervision Commission is responsible for supervising the implementation of basic pension insurance laws, regulations, rules and policies as well as the management of basic pension insurance funds.
The Beijing Municipal Social Insurance Supervisory Committee is composed of government representatives, enterprise representatives, trade union representatives and retiree representatives.
Article 7 The municipal labor and social security administrative department shall work with relevant departments to do a good job in the socialization management of enterprise retirees and provide socialized services to retirees.
Article 8 Encourage enterprises to establish enterprise annuities on the basis of participating in basic pension insurance, and encourage insured persons to participate in personal savings pension insurance.
Chapter 2 Basic Pension Insurance Fund Article 9 The basic pension insurance fund consists of the following parts: (1) Basic pension insurance premiums paid by enterprises and insured persons; (2) Interest on basic pension insurance premiums and other income; (3) Financial
Subsidies; (4) Late payment fees; (5) Other funds that can be included in the basic pension insurance fund.
Article 10 The basic pension insurance fund shall be incorporated into the special financial account of the social insurance fund and shall be managed on two lines of revenue and expenditure.
Article 11 Enterprises and insured persons shall pay basic pension insurance premiums on time and in full.
The basic pension insurance premiums paid by urban employees shall be withheld and paid by the enterprise from their own wages.
Enterprises pay basic pension insurance premiums in full in currency.
Urban individual industrial and commercial households and flexible employment personnel shall pay monthly in accordance with the payment base and payment proportion determined by these regulations.
Article 12: Urban employees use their average monthly salary in the previous year as the base for payment of wages, and pay basic pension insurance premiums at a rate of 8%, with the full amount credited to their personal accounts.
If the base of paid wages is lower than 60% of the average monthly wages of employees in this city in the previous year, 60% of the average monthly wages of employees in this city in the previous year shall be used as the base of paid wages; the part exceeding 300% of the average monthly wages of employees in this city in the previous year
, is not included in the salary base for contributions and is not used as the base for calculating basic pensions.
Article 13: Enterprises shall use the sum of the wage base of all urban employees as the base of wage payments, and pay basic pension insurance premiums at a rate of 20%.
The basic pension insurance premiums paid by the enterprise are disbursed before tax.
Article 14 Urban individual industrial and commercial households and flexible employment personnel use the city’s average monthly salary of employees in the previous year as the payment base and pay basic pension insurance premiums at a rate of 20%, of which 8% is credited to their personal accounts.
Article 15 Social insurance agencies shall establish payment records for the basic pension insurance premiums paid by enterprises and insured persons, and be responsible for preserving them to ensure their integrity and security.
Enterprises and insured persons have the right to inquire payment records.
Article 16 An enterprise shall announce to its employees every year the status of basic pension insurance premiums paid in the previous year.
The municipal social insurance agency shall issue an announcement to check the payment records of the insured in the previous year before April 30 of each year, and determine in the announcement the time for checking the payment base and making up the basic pension insurance premiums.
The specific measures for back payment of basic pension insurance premiums shall be formulated by the municipal labor and social security administrative department.
Chapter 3 Basic Pension Insurance Personal Accounts Article 17 Social insurance agencies shall establish basic pension insurance personal accounts (hereinafter referred to as personal accounts) for the insured in accordance with relevant national regulations.
Article 18 A personal account consists of the basic pension insurance premiums paid by the insured and the interest on the deposit amount in the personal account.
The interest on the personal account deposit is calculated annually with reference to the bank's resident deposit interest rate for the same period.
Article 19 The amount saved in a personal account can only be used for the insured’s pension and cannot be withdrawn in advance.
After the death of the insured, the basic pension insurance premiums paid by the individual and the interest in the personal account deposit or balance can be inherited in accordance with the law, and the remaining balance is merged into the basic pension insurance fund.
Article 20 When the insured moves within or across the scope of this city's overall planning, the transfer of his basic pension insurance relationship and personal account shall be handled in accordance with the relevant regulations of the state and this city.