On Oct. 26, CHI HRSS issued measures for near-retirement recipients.
CHI HRSS issued notice on the participation of near-retirement unemployment insurance recipients in the basic pension insurance for enterprise employees.
Document dated Oct. 26, 2024, received from CHI HRSS Nov. 5, summarized Nov. 6.
Notice Overview
Near-retirement unemployment benefit recipients refers to unemployed persons who receive unemployment insurance and are less than 1 year away from retirement age.
Including those who have not found a job after the expiration of unemployment insurance and continue to receive unemployment benefits until retirement age.
If the recipients participate in the basic pension insurance and pay premiums as individuals, the premium payment shall be paid by unemployment insurance fund.
When they reach the statutory retirement age or encounter statutory suspension of unemployment insurance benefits, they will stop enjoying the basic pension insurance premiums for enterprise employees paid by the unemployment insurance fund.
All local authorities should strengthen monitoring, analysis and early warning.
Do a good job in fund estimation to ensure the safe, stable operation of the funds.
Effectiveness
The notice will be effective from Jan. 1, 2025 to Dec. 31, 2039.
