Proportion of units contributions to enterprise employees endowment insurance drops
It is learnt from Human Resource and Social Security Bureau of Jinan, in order to further optimize the environment of economic and social development, the proportion of units contributions to enterprise employees endowment insurance in Jinan will be reduced by one percent. From January this year, the proportion of units contributions is reduced to 18 percent from the original 19 percent.
54.8 thousand insured units in our city are involved in the adjustment. On account of the reduction, enterprises may enjoy 380 million yuan decrease in employees endowment insurance expenditure in a year, the financial burden of the enterprises are reduced directly. In addition, the proportion of units contributions to enterprise employees endowment insurance is irrelevant to the calculating method of endowment, it won't affect the quantity of the endowment which employees will receive after their retirement.