The China Social Security Act is a congressional act that governs how individuals will be enrolled in social security and receive benefits. The Act defines participants, contribution ratios, and fund administration, with a goal of protecting the rights of citizens.
The Act provides for retirement benefits, medical insurance, workman’s compensation, unemployment Insurance, and maternity insurance. The Act covers workers, sole proprietors, freelancers, and other workers who do not work full time.
Making contributions into the fund is mandatory for employers; the Act establishes conditions for when beneficiaries are entitled to reimbursement or payment. Funds are administrated by the local government, and may not be used for any other purpose other than their official designation. The funds are audited at the national level.