Circular of the State Council on Establishing the Central Adjustment System for the Basic Pension Insurance Fund for Enterprise Employees
Circular of the State Council on Establishing the Central Adjustment System for the Basic Pension Insurance Fund for Enterprise Employees
Circular of the State Council on Establishing the Central Adjustment System for the Basic Pension Insurance Fund for Enterprise Employees
Guo Fa [2018] No.18
May 30, 2018
People's governments of all provinces, autonomous regions and municipalities directly under the Central Government, all ministries and commissions of the State Council and all institutions directly under the State Council,
According to the decisions and arrangements of the Central Committee of the Communist Party of China and the State Council and relevant requirements of the Social Insurance Law of the People's Republic of China, the State Council has decided to establish the central adjustment system for the basic pension insurance fund, which shall come into effect as of July 1, 2018, in a bid to deeply implement Xi Jinping's socialist ideology with Chinese characteristics in the new era and the spirit of the 19th National Congress of the Communist Party of China, balance burdens of the basic pension insurance fund for enterprise employees (the "pension insurance fund") among regions and achieve the sustainable development of the basic pension insurance system. Relevant matters are hereby notified as below:
I. General Requirements
1. Guidelines.
Comprehensively carry out the spirit of the 19th National Congress of the Communist Party of China and the Second and Third Plenary Sessions of the Nineteenth Central Committee, be guided by Xi Jinping's socialist ideology with Chinese characteristics in the new era, insist on basic theories, lines and strategies of the party, firmly set up and implement new development philosophies, coordinate the implementation of the general layout of "Five in One", collaboratively impel the strategic layout of "Four Comprehensives", adhere closely to the satisfaction of people's increasingly growing demands for a good life, endeavor to solve the prominent problem of unbalanced and inadequate development, focus on the target of establishment and perfection of a fairer and more sustainable pension insurance system, proceed from basic national conditions and the pension insurance system, follow the law of large numbers for social insurance, and establish the central adjustment system for the basic pension insurance fund, which will be the first step in the achievement of national overall coordination of pension insurance.
......
Guo Fa [2018] No.18
May 30, 2018
People's governments of all provinces, autonomous regions and municipalities directly under the Central Government, all ministries and commissions of the State Council and all institutions directly under the State Council,
According to the decisions and arrangements of the Central Committee of the Communist Party of China and the State Council and relevant requirements of the Social Insurance Law of the People's Republic of China, the State Council has decided to establish the central adjustment system for the basic pension insurance fund, which shall come into effect as of July 1, 2018, in a bid to deeply implement Xi Jinping's socialist ideology with Chinese characteristics in the new era and the spirit of the 19th National Congress of the Communist Party of China, balance burdens of the basic pension insurance fund for enterprise employees (the "pension insurance fund") among regions and achieve the sustainable development of the basic pension insurance system. Relevant matters are hereby notified as below:
I. General Requirements
1. Guidelines.
Comprehensively carry out the spirit of the 19th National Congress of the Communist Party of China and the Second and Third Plenary Sessions of the Nineteenth Central Committee, be guided by Xi Jinping's socialist ideology with Chinese characteristics in the new era, insist on basic theories, lines and strategies of the party, firmly set up and implement new development philosophies, coordinate the implementation of the general layout of "Five in One", collaboratively impel the strategic layout of "Four Comprehensives", adhere closely to the satisfaction of people's increasingly growing demands for a good life, endeavor to solve the prominent problem of unbalanced and inadequate development, focus on the target of establishment and perfection of a fairer and more sustainable pension insurance system, proceed from basic national conditions and the pension insurance system, follow the law of large numbers for social insurance, and establish the central adjustment system for the basic pension insurance fund, which will be the first step in the achievement of national overall coordination of pension insurance.
......