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Notice on the Adjustment of Social Security Payment Rate in 2017
2017-06-08 10:34:29

1. As of 1st January 2017, the rate of basic medical insurance premiums for employees in Shanghai shall be reduced from 12% down to 11.5%. To be more specific, the employers’ payment rate of basic medical insurance premiums shall be cut back from 8% to 7.5%, while the payment rates for employers’ part of local additional medical insurance premiums (2%) and individual part remain unadjusted.

 

2. From 1st January 2017 to 30th April 2018, the rate of unemployment insurance premiums shall drop from 1.5% to 1% temporarily, in which the employers’ part of unemployment insurance premiums shall be reduced from 1% to 0.5%, while the individual part stays unadjusted.