Implementation Measures for Improving the Basic Pension Insurance System for Enterprise Employees According to the "Decision of the State Council on Improving the Basic Pension Insurance System for Enterprise Employees" (Guofa [2005] No. 38), the "Notice of the People's Government of Zhejiang Province on Improving the Basic Pension Insurance System for Enterprise Employees"

” (Zhejiang Zhengfa [2006] No. 48, hereinafter referred to as the “Notice”), the Zhejiang Provincial Department of Labor and Social Security and the Department of Finance issued the “Implementation Measures for Improving the Basic Pension Insurance System for Enterprise Employees” (Zhejiang Labor Social Security Bureau [Zhejiang Labor Social Security Bureau]

2006〕No. 142), and based on the actual situation of our city, these implementation measures are formulated.

1. Consolidate the results of ensuring that basic pensions are paid out in full and on time 1.

In accordance with the requirements of the "two guarantees" of the Central Committee, the Provincial Party Committee and the Provincial Government, we will continue to take ensuring that the basic pensions of enterprise retirees are paid in full and on time as the top priority, earnestly implement government responsibilities, improve various policies and measures, and improve the "guaranteed payment"

long-term mechanism.

2.

Adjust the structure of fiscal expenditures, increase fiscal investment, and establish a multi-channel financing mechanism to ensure that basic pensions for retirees are paid in full and on time after completing personal accounts.

2. Further expand the coverage of basic pension insurance 3.

In accordance with the scope of objects stipulated in the "Regulations on Basic Pension Insurance for Employees of Zhejiang Province", non-public enterprises, individual industrial and commercial households, flexible employment personnel (freelancers), and migrant workers in cities are the focus of insurance coverage, and the coverage of basic pension insurance is further expanded.

Consolidate the results of basic full coverage and advance towards full coverage.

4．

Starting from July 1, 2007, the payment base for self-employed businesses and flexible employees will be adjusted to the average salary of the city's employees in the previous year, and the payment ratio will be adjusted to 20%, of which 8% will be credited to personal accounts.

You can also determine the payment base and pay pension insurance premiums between 100% and 300% of the average salary of employees in the city in the previous year.

5．

It is necessary to further implement the social insurance subsidy policy for "4050" personnel and individual industrial and commercial households with urban poor disabled people, and create conditions for them to participate in insurance and pay premiums.

6.

Attention should be paid to the pension insurance participation of migrant workers, and migrant workers with stable employment can be directly included in the basic pension insurance for urban employees.

For migrant workers who have participated in the basic pension insurance for urban employees, the employer must continue to pay basic pension insurance premiums on time and in full.

7.

When the insured reaches the statutory retirement age, if the cumulative payment years (including the deemed payment years) are less than 15 years, the payment years can be appropriately extended upon application by the insured person and approval by the Labor and Social Security Bureau, and the maximum extension period shall not exceed 5 years.

, during the deferment period, I must pay the pension insurance premium in full every month.

If the payment period is still less than 15 years after the payment is deferred, the entire deposit amount of the personal account will be paid in one lump sum, and one month of the indexed average monthly payment salary will be issued to the individual for every full year of the payment period (including the deemed payment period), and the basic payment period will be terminated at the same time.

Pension insurance relationship.

8.

Employers and insured persons must pay basic pension insurance premiums in full and on time.

The unpaid basic pension insurance premiums payable and unpaid by the insured persons who have established a labor relationship with the employer after July 1, 2007 for the current year, subject to the approval of the Labor and Social Security Bureau, are allowed to be paid on June 30 of the following year if it is not due to personal reasons.

A one-time supplementary payment was made a few days ago. The base of the supplementary payment is the average monthly salary of employees in the province in the previous year at the time of the supplementary payment. The proportion of the supplementary payment is the proportion stipulated by the local government at the time of the supplementary payment.

The back-paid pension insurance premiums will be credited to the personal account at the time of the back-payment in one go according to the personal account crediting method and scale specified at the time of back-payment, and the payment index for the back-payment period will be calculated based on the average salary of employees in the province in the previous year at the time of back-payment.

.

Those who have participated in the insurance before July 1, 2007 are allowed to make additional payment for the payment years before June 30, 2007. The maximum payment period is 5 years, and the payment standards are the same as above.

9.

If the employer is required to make up for the basic pension insurance premiums for the insured persons during the labor relationship between the two parties after arbitration by a labor arbitration institution or a People's Court judgment, the social security agency shall allow the employer to pay for the insured persons based on the results of the arbitration or judgment.

Procedures for repayment: The employer’s new permanent employees (with deemed years) must make repayments starting from January 1992. Otherwise, the deemed years cannot be calculated, and the standards for repayment are the same as in point 8.

3. Adjust the size of personal pension insurance accounts 10.

Starting from July 1, 2007, the size of the basic pension insurance personal account of the insured persons will be adjusted from 11% to 8% of the salary paid by the individual, all of which will be formed by personal contributions, and the company's contributions will no longer be transferred to the personal account; individual industrial and commercial households

For those with flexible employment, 8% of their payment base will be credited to their personal accounts.

11．

The Bureau of Labor and Social Security should strengthen the management of personal accounts of pension insurance, carefully record the personal accounts of insured persons, clean up and verify personal account information, and promptly correct incomplete and irregular practices in personal account accounting.