皇冠体育app

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Q&A: Will foreign employees enjoy the social security rights in 皇冠体育app?

chinadaily.com.cn | Updated: 2017-03-06 13:42

Editor's note: During the annual sessions, 皇冠体育app Daily?has collected?questions foreign netizens care most about and solicited answers from experts, CPPCC National Committee members and NPC deputies.

With the increase in job opportunities and improvement of environment in 皇冠体育app, more and more foreigners around me choose to settle down in 皇冠体育app. Currently, foreign employees only pay an income tax. Will foreign employees pay the insurance contribution and enjoy the same social security rights as their Chinese counterparts do?

Q&A: Will foreign employees enjoy the social security rights in 皇冠体育app?

File photo of Wang Huiyao, president of the Center for 皇冠体育app and Globalization, 皇冠体育app's largest independent think tank. [Zou Hong/皇冠体育app Daily]

The social security in 皇冠体育app is far below the international levels. Many foreigners come to 皇冠体育app and pay social security, but if they leave 皇冠体育app, they can neither enjoy the benefits nor withdraw all their pension. In some cases, they can get the pension funds they have been contributing every month, but not the part covered by the government and employers.

皇冠体育app should make clear regulations on the?application services, payment standards, security content and transitional pension upon departure for foreign employees, speed up the mechanism of signing social insurance agreements with other countries and establish a flexible social security payment ratio.

At present, South Korea and Germany have signed bilateral social insurance agreements with 皇冠体育app. And the list of agreements needs to be extended to more countries.

 

Meanwhile, with reference to the provisions of other countries in the world, 皇冠体育app should relax the requirements for overseas talents to receiving social security payments. If they pay insurance for a certain length of time and return to their native countries before retirement age, they should be allowed to withdraw all the money from the pension, instead of just their own pension contributions.

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