NE Province Improves Social Security SystemAn improved social security system has been established in northeast China's Jilin Province, a traditional base for heavy industries, sources said recently.Until now, systems of endowment insurance and medical insurance have been operating soundly. Statistics indicated that there were some 1.14 million laid-off workers from state-owned enterprises (SOE) in Jilin Province. Half of the laid-off workers have been steered toward employment elsewhere. Another 80,000 have received unemployment insurance and other financial compensation covering basic living expenses. Jilin has disbursed some 1.842 billion yuan (approximately US$222.7 million) into its social security system over the past three years. The Chinese government has always attached great importance to the establishment of a complete social security system. Ninety percent of the country's workers who have been laid off have been granted funds to cover their fundamental life needs by November 2001. |
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