Jiangxi: a large collective enterprises up uninsured pension benefits for retirees

People's Network Nanchang April 2 (Xinhua Bian China and Germany) from Jiangxi Province's Department of Finance was informed that major cities and towns for the protection of collective enterprises uninsured retirees basic living, new arrangements for the financial year, 45 million yuan in Jiangxi Province, will live on per capita Subsidies raised to 245 yuan, an increase of 25.

According to reports, urban collective enterprises, retirees are not insured to protect the basic livelihood of the object as follows: no longer affordability, and did not insured the Town in collective enterprises in line with the state of the original recruitment policy, the labor department in the county for more than a formal recruitment recruitment procedures, has reached the statutory normal retirement age of retired workers. In the absence of pension insurance, old age security as most of these retired workers concerns.

In recent years, continuous improvement of Jiangxi large urban collective enterprises uninsured retirees basic living guarantee system. In 2007, the provincial financial arrangements for funding by the standard 200 yuan per person per month living allowance payment of pension. With economic development, the rising price level, living standards, Jiangxi Province, adjusted several times standards were raised again this year to 245 yuan, the provincial financial arrangements of the total capital reached 212 million yuan. The policy runs three years ago, to better protect the nearly 100,000 uninsured large urban collective enterprises retirees and the poor.

(Editor: Jun-Tao Liu)