Measures of Shanghai Municipality on the Endowment Insurance of Employees of Urban Private Enterprises
Measures of Shanghai Municipality on the Endowment Insurance of Employees of Urban Private Enterprises
Measures of Shanghai Municipality on the Endowment Insurance of Employees of Urban Private Enterprises
Hu Fu Fa [1995] No. 4
January 6, 1995
Article 1 (Legislative objective and basis)
With a view to guaranteeing the basic living of employees of urban private enterprises after their retirement, these Measures have been formulated in accordance with the Implementing Plans of Shanghai Municipality on Urban Employee Endowment Insurance System Reform and the Measures of Shanghai Municipality on Urban Employee Endowment Insurance.
Article 2 (Definition)
The endowment insurance as stated in these Measures shall refer to a social security system, which are established in conformity with the legitimate procedures and are organized and administrated by the competent governmental authorities, and in which the urban private enterprises and the employees in active service shall jointly assume the obligations of paying the endowment insurance premium and the retired shall enjoy the basic endowment insurance according to their payment of endowment insurance premium.
Article 3 (Scope of Application)
These Measures shall apply to the urban private enterprises (hereinafter referred to as the enterprises) in Shanghai Municipality and their employees in service and the retired employees.
Article 4 (Tax Preferential Treatment)
The State shall provide support to endowment insurance of in-service employees of an enterprise in respect of preferential tax policies.
Article 5 (Principles, obligations and rights)
The endowment insurance shall be in conformity with the principles where enterprises and their employees shall jointly assume the insurance premium payment, and the individual deposits shall be combined with the overall payment, so as to guarantee the basis life requirements of the retired and encourage the enthusiasm of employees in service.
Enterprises shall take the obligations of paying endowment insurance premium for the employees in service; and the employees in service shall take the obligations of paying the endowment insurance premium for themselves.
Employees' rights of enjoying the endowment insurance premium payment by their employers and of enjoying the endowment insurance after their retirements shall be subject to the protection of the laws. Any unit or individual must not infringe such rights.
Article 6 (Registration, alternation and cancellation)
Enterprises shall register the endowment insurance of both enterprises and employees in service to the endowment insurance administration center as designated by the Shanghai Municipal Social Insurance Administrative Bureau; the newly-established enterprises shall process the endowment insurance registration within a month since the date of foundation.
Where the enterprises are subject to the division, merger, transfer, shutout, bankruptcy, recruitment or dismissal of employees (including such circumstances as the employees' resignation, self-demission and the employers' decapitation or disemployment), they shall go through the alternation or cancellation registration with the endowment insurance administrative center which has originally accepted and processed their registration within a month.
Article 7 (Endowment insurance accounts and handbooks)
Where the endowment insurance administration center process the endowment insurance registration procedures, it shall establish endowment insurance codes for the enterprises, establish individual endowment insurance accounts for the employees in service, and release the Endowment Insurance Handbook.
Individual endowment insurance accounts of the employees in service shall not be changed during their lifetime.
......
Hu Fu Fa [1995] No. 4
January 6, 1995
Article 1 (Legislative objective and basis)
With a view to guaranteeing the basic living of employees of urban private enterprises after their retirement, these Measures have been formulated in accordance with the Implementing Plans of Shanghai Municipality on Urban Employee Endowment Insurance System Reform and the Measures of Shanghai Municipality on Urban Employee Endowment Insurance.
Article 2 (Definition)
The endowment insurance as stated in these Measures shall refer to a social security system, which are established in conformity with the legitimate procedures and are organized and administrated by the competent governmental authorities, and in which the urban private enterprises and the employees in active service shall jointly assume the obligations of paying the endowment insurance premium and the retired shall enjoy the basic endowment insurance according to their payment of endowment insurance premium.
Article 3 (Scope of Application)
These Measures shall apply to the urban private enterprises (hereinafter referred to as the enterprises) in Shanghai Municipality and their employees in service and the retired employees.
Article 4 (Tax Preferential Treatment)
The State shall provide support to endowment insurance of in-service employees of an enterprise in respect of preferential tax policies.
Article 5 (Principles, obligations and rights)
The endowment insurance shall be in conformity with the principles where enterprises and their employees shall jointly assume the insurance premium payment, and the individual deposits shall be combined with the overall payment, so as to guarantee the basis life requirements of the retired and encourage the enthusiasm of employees in service.
Enterprises shall take the obligations of paying endowment insurance premium for the employees in service; and the employees in service shall take the obligations of paying the endowment insurance premium for themselves.
Employees' rights of enjoying the endowment insurance premium payment by their employers and of enjoying the endowment insurance after their retirements shall be subject to the protection of the laws. Any unit or individual must not infringe such rights.
Article 6 (Registration, alternation and cancellation)
Enterprises shall register the endowment insurance of both enterprises and employees in service to the endowment insurance administration center as designated by the Shanghai Municipal Social Insurance Administrative Bureau; the newly-established enterprises shall process the endowment insurance registration within a month since the date of foundation.
Where the enterprises are subject to the division, merger, transfer, shutout, bankruptcy, recruitment or dismissal of employees (including such circumstances as the employees' resignation, self-demission and the employers' decapitation or disemployment), they shall go through the alternation or cancellation registration with the endowment insurance administrative center which has originally accepted and processed their registration within a month.
Article 7 (Endowment insurance accounts and handbooks)
Where the endowment insurance administration center process the endowment insurance registration procedures, it shall establish endowment insurance codes for the enterprises, establish individual endowment insurance accounts for the employees in service, and release the Endowment Insurance Handbook.
Individual endowment insurance accounts of the employees in service shall not be changed during their lifetime.
......