SBM news

In 2001, the urban social security reform pilot work saw a formal startup. In an attempt to strengthen leadership to pilot work, the State Council established a leading group of social security reform pilot work, and approved the implementation plan of Liaoning Province on perfecting urban social security system pilot, which started and gained initial achievements. The project of "Two Guarantees" was further consolidated and intensified. Positive efforts were made to expand the covering of endowment insurance; the amount of workers that attended the social planning of endowment insurance continued to increase at a large rate. The basic retirement pension was essentially fulfilled with socialization duly and fully. While granting duly, positive efforts were added to solution of past arrears. About RMB980 million yuan of past arrears in 20 provinces and autonomous regions were reissued. In response to the requirements of the State Council, the basic retirement pension level was appropriately adjusted and improved for the enterprise retirees. The basic living maintenance of the laid-off workers was guaranteed. In 2001, there were 6 million laid-off workers in State-owned enterprises; 90 percent of them entered reemployment centers where 99 percent above of them enjoyed basic living maintenance with advancement of laid-off workers basic maintenance to unemployment insurance, the amount of workers adopting unemployment insurance continued to rise; 10.350 million people attended unemployment insurance at the end of the year and 3.50 million people accepted unemployment insurance.

The urban minimum life guarantee system was steadily promoted. According to Regulations on Minimum Life Guarantee of Urban Citizens of the State Council, requirements were made to fully advance town minimum life guarantee system. The minimum life guarantee system was established in 668 cities and 1693 counties (Inc. towns where county-level governments are located) across the country; 4.026 million poverty-stricken people in towns entered into the scope of minimum life guarantee. Financial departments at all levels added great efforts to expenditures of minimum life guarantee. The amount of people who adopted minimum life guarantee pension continued to rise.