The Ministry of Human Resources and Social Security said at a State Council
briefing that as of end-September participants in China’s basic pension,
unemployment and work-injury insurance stood at 1.079 billion, 251 million and
327 million respectively, and the three social insurance funds had a cumulative
surplus of 11.2 trillion yuan. The ministry said it will encourage and support
flexible-employment and new-form workers to join employee pension insurance,
expand enterprise annuity pilots, advance implementation of the personal pension
system, improve social-security transfer and continuation rules, promote
nationwide interoperability of social-security services and a unified
social-security card, and strengthen supervision to safeguard and preserve and
increase fund value.
