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Ministry of Human Resources and Social Security and Ministry of Finance jointly issued The Enterprise Pension Measures. The portion paid by the enterprise annually shall not exceed 8% of the total amount of employees’ salary. The aggregate fees paid by the enterprise and the individual employee shall not exceed 12% of the total salary of the employees. The specific fees will be determined through the negotiation between the enterprise and the employees.  It will be effective from Feb. 1st, 2018.

 

Proof Reader:Cao Yuhong

Released by China Accounting on  Janurary 12, 2018, please indicate the source and author. 

Original Link:http://news.esnai.com/2017/1222/167603.shtml

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