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, ad

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.