What reduction and exemption policies of social insurances do Shanghai enterprises qualify during the outbreak of 2019-nCoV outbreak?

According to “Notice on Progressively Reduction and Exemption of Contribution of Social Insurances”  the contribution amount by company which included pension insurance, unemployment insurance and employment injury insurance of large size enterprises will be 50% levied from February to April 2020. And during February to June 2020, the contribution amount by company which included pension insurance, unemployment insurance and employment injury insurance of medium, small and micro size enterprises, individual businesses will be exempt. The policy on progressively deduction of the contribution of unemployment insurance and employment injury insurance will be terminated on April 30 2020 in Shanghai. Under requirements of the country, Shanghai will continually enforce the policies on progressively deduct the contribution of unemployment insurance and employment injury insurance, which means the rate of contribution of unemployment insurance will be 1%; In the industries which are belong to the category 1 to 8, which their employment injury insurance rate will still be adjusted 20% above or below. The implementation period is extended to April 30 2021.

The social insurances reduction and exemption policy has been implemented since February, if our company's social insurances have been contributed to social security households in February, is there any problem of its refund in February?

The collection of social insurances in Shanghai is “reported in the current month and paid in the following month”. The social insurances own in February will be reported and contributed in March, so it is fine of refunding the social insurances in February.

Can our company apply for deferred contribution of social insurances due to operating difficulties?

Insured units with severe difficulties in production and operation affected by the epidemic, including public institutions participating in the enterprise's basic endowment insurance, may apply for deferred contribution of social insurances. The period for deferred contribution is within year 2020, and the deferred contribution period will not exceed 6 months in principle. No late payment fee will be charged during the deferred contribution period.

Is there any impact on employees enjoy their benefits on social insurances when enterprises apply for a deferred contribution of social insurances?

Due to the epidemic situation, the city's social security participants, flexible employment personnel and urban and rural residents who fail to complete the registration and contribution of social insurances and other matters on time who can reapply after the epidemic. If the insured unit pays the social insurances after the due date, the late payment fee will not be charged if a filing with the social security agency in this city has been completed, and it will not affect the personal credits on the insured employees.

What preferential policies can Shanghai's enterprises enjoy in respect of housing fund during the 2019-nCoV outbreak?

According to the “Notice on the Implementation of Phased Support Policies for Housing Funds for the Proper Response to the 2019-nCoV outbreak in this City” stated before June 30 2020, for those enterprises could not make fully and timely payment of housing funds due to the impact of the epidemic situation. After the discussions arranged on the congress of staff or the union, they can apply to deferring payment to the Shanghai Provident Fund Management Center.

What is the impact on the employees during the application period of the enterprise deferred the contribution of housing fund?

During the enterprise deferred payment period, the time of contribution for housing fund is continuously calculated, which does not affect the employees’ withdrawal of housing fund and application of housing fund loans. Before June 30 2020, if the housing fund loan cannot be repaid on time, it will not be treated as an overdue payment and will not affect the borrower's personal credits’ record.

During the period of postpone the contribution of housing fund, when employees need to transfer or cancellation the personal housing fund account or withdrawal the contributions from it, how to proceed these activities?