China's First Local Statute on Social Security Insurance

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Last updated at: (Beijing Time) Friday, June 27, 2003

China's First Local Statute on Social Security Insurance

Shandong Province, east China, has issued the Methods on Supervision over Social Security Insurance in Shandong Province, to become the first in the country to publish such a local statute.

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Shandong Province, east China, has issued the Methods on Supervision over Social Security Insurance in Shandong Province, to become the first in the country to publish such a local statute.

The statute, which goes into effect on August 1, has been issued to meet the changing situation following the development ofthe market economy, said a local official Friday.

Fraudulent activities are rampant in the province as many localcompanies have refused or failed to pay social security for their employees. Since 2001, the province has discovered that local social security funds have not received insurance payments for 1.07 million factory workers, involving a total of 320 million yuan (about 38.55 million US dollars).

Under the new decree, local social security institutions have the right to check local companies to see if they have bought insurance policies for their staff on covering, unemployment, medicare, industrial injuries and birth.

Units and individuals involved in fraudulent activities will bepunished in accordance with law.

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