Foreigners Working in Nanjing to Enjoy Access to Endowment Insurance Go back »

2008-07-29 | Nanjing

A Notice on Endowment Insurance in Nanjing giving detailed information on the reinforcement of Nanjing's endowment insurance regulation was released by the Nanjing bureau of Labor and Social Welfare on June 19th.

According to the Notice released on the 19th, foreigners working in Nanjing will from now on enjoy access to the same endowment as Mainland employees.

The Notice also presents current solutions to issues concerning retirement. An issue exists that due to factors related to their personal documents or inadequate deposit, a number of personnel who choose endowment insurance are unable to receive a monthly pension after their retirement. In spite of the location of their personal documents or the amount of their contributions, foreigners involved in private-owned enterprises who are not Nanjing citizens will now be granted retirement to them under the condition that they have adequate certifications and documentations to validate their employment.