China Daily (Hong Kong) - - FRONT PAGE -

Ac­cord­ing to the law, for­eign­ers work­ing in China should join China’s so­cial se­cu­rity pro­grams. Here’s how it works:

Em­ploy­ers will help em­ploy­ees open the ac­count, with in­sur­ance con­tri­bu­tions shared by the em­ployer and em­ployee.

The self-em­ployed can go to a lo­cal so­cial se­cu­rity cen­ter to fin­ish the for­mal­i­ties and pay con­tri­bu­tions.

Get­ting the pen­sion: For­eign work­ers must con­trib­ute to the pen­sion ac­counts for at least 15 years to col­lect a pen­sion af­ter re­tir­ing. Work­ers who leave China be­fore pay­ing for 15 years can get their con­tri­bu­tions back. The re­main­ing money in a for­eign worker’s pen­sion ac­count can be in­her­ited by the chil­dren, upon the re­tiree’s death.

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