Social Security Law
At the end of October the long-awaited Social Insurance Law was • promulgated, and is set to take effect on July 1, 2011. The law primarily aims • to prevent the improper use of social security funds. The Social Insurance • Law stipulates a general right for all citizens to access and enjoy five • categories of insurance: pension, medical, work-related injury, unemployment and maternity insurance. It also allows employees to transfer • their pension insurance accounts from one place of residence to another,
and includes a basic pension coverage for rural residents.
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