iChina Law - China Legal News
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China Legal News
Adjustment of the Standard of Social Security Payment
Shanghai Human Resources and Social Security Bureau issued the New Standard of Social Security Payment in Shanghai (the “New Standard”) on March 31st, 2012. The New Standard has come into effect on April 1st, 2012 and will expire on March 31, 2013.

The New Standard increases the payment base (the “Base”), which refers to the number used to calculate the amount of the social security payments.