Beijing Municipality, Circular on Reducing Social Insurance Premium Rates for a Period of Time in Beijing

北京市关于阶段性降低本市社会保险费率的通知

September 08, 2016 | BY

Susan Mok

Beijing Municipality reduces its social insurance premium rates.

Clp Reference: 2400/16.05.31 Promulgated: 2016-05-31

Issued: May 31 2016

Main contents: The premium payment percentage for basic old-age insurance of enterprise employees in Beijing is reduced from the current 28% to 27% provisionally for a period of two years. Of this, the premium payment percentage of entities is reduced from the current 20% to 19%, with the premium payment percentage of individuals remaining unchanged (Article 1).

The premium payment percentage for unemployment insurance in Beijing is reduced from the current 1.2% to 1% provisionally for a period of two years. Of this, the premium payment percentage of entities is reduced from the current 1% to 0.8%, with the premium payment percentage of individuals remaining unchanged (Article 2).

Related legislation: Circular on Reducing Social Insurance Premium Rates for a Period of Time

clp reference:2400/16.05.31/BJ issued:2016-05-31

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