5 October, 2015
Basic Status of Shanghai Social Insurance released
A report issued by the Shanghai Human Resource and Social Security Bureau on 7 September 2015 has summarised the status of the social insurance fund in Shanghai as detailed below:
|
Item |
Pension Insurance |
Medical Insurance |
Unemployment Insurance |
Work-Related Injury Insurance |
Maternity Insurance |
Total |
|
The total amount of the fund at the end of 2014 |
100.645 |
88.285 |
15.703 |
5.224 |
0.676 |
210.533 |
|
The fund earnings in 2014 |
164.865 |
68.944 |
8.976 |
3.224 |
4.315 |
484.1.33 |
|
The fund expenses in 2014 |
146.241 |
49.234 |
8.359 |
2.818 |
3.759 |
405.886 |
Last year, the pension scheme for retired urban employees in Shanghai paid an average monthly pension sum of approximately RMB 2964. 98,100 people received unemployment insurance benefit at the end of 2014 and the per capita insurance was paid at a monthly rate of RMB 991.
57,700 people were verified as suffering from a work-related injury and 68,600 people enjoyed work-related insurance benefit at the sum of RMB 41,191 per person. Employed women received maternity insurance benefits totalling RMB 124,000. The insurance benefit was paid at an average of RMB 30,000 per capita per month.
For further information, please contact:
Pádraig Walsh, Partner, Bird & Bird
padraig.walsh@twobirds.com
