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Essay Galaxy - PRC Social Security Scheme
By: You Zhang
E-mail: you_zhang@hotmail.com
PRC Social Security Scheme h Major Characteristic of PRC Social Security Scheme - Only applicable to Chinese local employees - Local requirements may vary from locality to locality. h Structure of Social Security Scheme - Pension - Unemployment Insurance - Medical Insurance - Housing National Requirement - Pension h ԤDecisions of the State Council Concerning the Establishment of a Unified System of Basic Old-age Insurance for Staff and Workers of EnterprisesԬ(July 16, 1997) h Structure of the Basic Pension Scheme - Requires mandatory participation by enterprises and employees; - Comprises 2 elements: a. Basic Pension Pooling Account b. Basic Pension Individual Account h Enterprise Contribution - Maximum contribution of 20% of the total wages of the enterprises in general unless approved by Labour ....
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Number Of Pages: 3 |
Number Of Words: 563 |
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