Five Social securities Lines

We devoted to build a perfect social securities system adaptable to socialism market economy structure, constituting "Five Securities lines" with unique features, i.e., to guarantee lowest salary for enterprise employees, to guarantee the basic living allowances for laid-off workers, to guarantee unemployment insurance, basic pension insurance, and basic living allowances for urban and rural residents. The current basic salary standard is ￥684/person month; Basic allowances for laid-off workers is ￥442/person month; Unemployment insurance and medical insurance standard is ￥548+￥69/person month; The lowest retiree pension standard is ￥500/person month; The lowest living allowances of urban resident guarantee standards is ￥330/person month. The living of the poor group is improved.

Source: Guangzhou Municipal Government

Editor: Jessie Hwang