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E-mail: you_zhang@hotmail.com „h Major Characteristic of - Only applicable to Chinese local employees - Local requirements may vary from locality to locality. „h Structure of Social Security Scheme - Pension - Unemployment Insurance - Medica ....

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... the total wages only cover Chinese local employees¡¦ wages. - Among the 20% contribution: a. start at 7% of employee salary in 1997, to be gradually reduced to 3%, for contribution into the Basic Pension Individual Account b. 13% to 17% goes to Basic Pension Pooling Account „h Employee Contribution - Start at 4% of employee salary in 1997, to be gradually increased to 8% - Contribution goes to Basic Pension Individual Account National Requirement ¡V Unemployment Insurance „h ¡§Unemployment Insurance Regulation ¡¨ issued by State Council on January 22, 1999. „h Mandatory participants - Requires mandatory participation by enterprises and emplo ...