The General Office of the Provincial Government has recently issued the "Implementation Plan for Reducing Social Insurance Rates in Jiangsu Province". With the consent of the provincial government, since May this year, the basic pension insurance for enterprises and the basic pension insurance units of government agencies and institutions will be reduced to 16%. After the fee reduction, enterprises in Jiangsu can reduce the burden by about 23 billion yuan this year. At the same time, Jiangsu will continue to implement the current policy of reducing unemployment insurance and work injury insurance rates to make it valid until the end of April next year.
