On February 20th 14, the State Council Information Office held a press conference on the phased reduction and exemption of enterprise social security fees, medical insurance fees and deferred payment of housing accumulation fund.

Army tour, deputy director of Ministry of Human Resources and Social Security, introduced that Ministry of Human Resources and Social Security, together with the Ministry of Finance and State Taxation Administration of The People's Republic of China, studied and formulated the Notice on Reducing and Remitting Social Insurance Fees of Enterprises by Stages, which defined three measures: reduction, deferment and deferment.

Exemption amount means that from February 2020, all provinces can exempt the unit contributions of the three social insurances of small and medium-sized enterprises' pension, unemployment and industrial injury insurance for no more than five months, which means that the exemption amount policy can be implemented until June. Hubei province can extend the scope of exemption to all kinds of insured enterprises.

Relief means that other provinces outside Hubei can halve the payment of three social security units of large enterprises and other insured units, and the period of relief is no more than three months. As the government agencies and institutions are not involved in business issues and are less affected by the epidemic, they are not included in the scope of this rescue policy.

Deferred payment means that enterprises that are affected by the epidemic and have serious difficulties in production and operation can apply for deferred payment. The deferred payment period shall not exceed 6 months in principle, and the late payment fee shall be exempted during the deferred payment period.

This relief is based on the policy of reducing social insurance premium rate implemented last year, which further reduces the social insurance payment pressure of enterprises, and the intensity and effect of burden reduction will exceed that of last year.

The phased reduction of the three social insurance premiums will reduce at least 500 billion yuan, greatly reducing the burden on enterprises, which is even greater than last year, when it was more than 400 billion yuan.

At the same time, the operation of the fund is fully considered, and the social insurance benefits are guaranteed to be paid in full and on time by improving provincial overall planning and increasing fund adjustment.