disability allowance refers to the amount of disability employment allowance paid by the employer in one lump sum when the injured employee is identified as being disabled at work for five or six levels, the employee himself proposes to terminate or terminate the labor relationship with the employer, and the employee is identified as being disabled at work for seven or ten levels, and the labor contract expires, or the employee himself proposes to terminate the labor contract. Generally, the one-time disability allowance can be received within one month. Generally, the one-time disability subsidy compensated by the industrial injury and social security bureau is paid by the employer to the employee himself to terminate the labor relationship after the conflict between the employee and the employer, and the one-time disability subsidy is paid to the account within 3 days.
Legal basis: Article 35 of the Regulations on Work-related Injury Insurance
If an employee is identified as a first-class to fourth-class disability due to work-related disability, he/she will retain his/her labor relationship and quit his/her post, and enjoy the following benefits:
(1) Pay a one-time disability subsidy from the work-related injury insurance fund according to the disability level, with the standards as follows: the first-class disability is 27 months, the second-class disability is 25 months, and the third-class disability is 25 months.
(2) Pay monthly disability allowance from the industrial injury insurance fund. The standard is: 9% of my salary for first-degree disability, 85% for second-degree disability, 8% for third-degree disability and 75% for fourth-degree disability. If the actual amount of disability allowance is lower than the local minimum wage standard, the industrial injury insurance fund will make up the difference;
(3) After the workers with work-related injuries reach retirement age and go through retirement procedures, they will stop paying disability allowance and enjoy basic old-age insurance benefits in accordance with relevant state regulations. If the basic old-age insurance benefits are lower than the disability allowance, the industrial injury insurance fund will make up the difference.
if an employee's work-related disability is identified as level 1 to level 4 disability, the employer and the employee shall pay the basic medical insurance premium based on the disability allowance.
With the disclosure of Public Offering of Fund's financial report in the fourth quarter of 2022, the allocation direction of public offering assets surfaced,