Circular of the State Council on Establishing the Central Adjustment System for the Basic Pension Insurance Fund for Enterprise Employees (GuoFa [2018] No.18)

30 May 2018

Starting from 1 July 2018, the Mainland will set up a central adjustment system ("the adjustment system") for basic pension funds for enterprise employees. The adjustment system is set up based on the current provincial-level basic pension scheme, to enable sustainability of the basic pension system. The State Council requested all local authorities to provide guidance and supervision to ensure smooth implementation.

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