On October 18, the Ministry of Human Resources and Social Security and the Ministry of Finance issued the “Interim Measures on Basic Pension Insurance and Disability Allowance for Enterprise Employees”. The method is clear. Starting from January 1, 2025, enterprise employees' basic pension insurance participants who have reached the legal retirement age and are assessed to have completely lost their ability to work due to illness or disability not due to work can apply to receive monthly sickness and disability benefits, and the required funds will be paid from the basic pension insurance fund. Basic pension insurance premiums are no longer paid during the period of receiving invalidity benefits. The monthly standard and payment period for the insured person is determined based on the age of the insured person at the time of application for the insured person, the cumulative period of payment, etc. The monthly standard for sickness and disability benefits is adjusted simultaneously when the country uniformly adjusts the basic pension level. At the end of 2023, the number of people participating in basic pension insurance for enterprise employees nationwide was 460.44 million, an increase of 16.42 million over the end of the previous year.

On October 18, the Ministry of Human Resources and Social Security and the Ministry of Finance issued the “Interim Measures on Basic Pension Insurance and Disability Allowance for Enterprise Employees”. The method is clear. Starting from January 1, 2025, enterprise employees' basic pension insurance participants who have reached the legal retirement age and are assessed to have completely lost their ability to work due to illness or disability not due to work can apply to receive monthly sickness and disability benefits, and the required funds will be paid from the basic pension insurance fund. Basic pension insurance premiums are no longer paid during the period of receiving invalidity benefits. The monthly standard and payment period for the insured person is determined based on the age of the insured person at the time of application for the insured person, the cumulative period of payment, etc. The monthly standard for sickness and disability benefits is adjusted simultaneously when the country uniformly adjusts the basic pension level. At the end of 2023, the number of people participating in basic pension insurance for enterprise employees nationwide was 460.44 million, an increase of 16.42 million over the end of the previous year.