Guarantee The Basic Livelihood Of The Masses Three Hundred Million Yuan Subsidy To Enter The Special Fund Account.

The financial system of the city should speed up the establishment of a social security system covering urban and rural residents and ensure the basic livelihood of the masses.

It is reported that the municipal social security subsidy fund of 300 million yuan has entered the special fund account to ensure the smooth implementation of the basic medical insurance and rural endowment insurance system for urban residents starting next January.

Recently, the Municipal Finance Bureau issued the "financial management measures for the basic medical insurance fund of urban residents in Tianjin", which will be implemented together with the basic medical system of urban residents in January next year.

The "Regulations" stipulate that the income of basic medical insurance fund for urban residents includes the basic medical insurance premium income of urban residents, financial subsidy income, public funds subsidy income, social donation funds, interest income and other income.

The basic medical insurance payment for urban residents includes the hospitalization expenses which meet the relevant regulations at designated medical institutions and designated retail pharmacies.

The Municipal Finance Bureau set up an account of the basic medical insurance subsidy fund for urban residents. The scope of subsidy is the non-agricultural household registration students, children and other non adult residents who are not covered by the basic medical insurance system for urban workers.

The basic medical insurance fund for urban residents shall be incorporated into the financial accounts of the basic medical insurance fund for urban residents, and the two line management of revenue and expenditure shall be implemented, with special funds only, and no department, unit or individual shall occupy or misappropriate it, nor shall it be used to balance the budget.

The units responsible for paying the basic medical insurance benefits of urban residents on time and in accordance with the prescribed standards shall be dealt with in accordance with the relevant laws, regulations and rules.

In order to ensure the implementation of the basic old-age security system in rural areas in January next year, the Municipal Finance Bureau has issued the "financial management measures for the rural social basic old-age security fund in Tianjin". It is clear that the basic old-age security funds in rural areas include: the basic old-age insurance fund for rural workers, the basic endowment insurance fund for rural residents, and the basic living allowance subsidy for the rural elderly.

Agencies should set up personal account ledgers for insured persons respectively, and individual accounts for basic old-age insurance for rural employees include: all personal contributions, 85% of collective owned enterprises and private enterprises' contributions, 90% of individual industrial and commercial households' contributions, and the annual personal account income announced by the municipal labor and social security administrative department with the municipal financial department.

The personal accounts of the basic old-age insurance for rural residents include: all personal contributions, subsidies granted to individuals by city and district finance, and annual personal account income announced by the municipal labor and social security administrative departments in conjunction with the municipal financial departments.

The basic old-age insurance fund for rural workers and the basic old-age insurance fund for rural residents should be used to prevent the future payment risk of funds.

The basic old-age insurance fund reserve for peasant workers is composed of 15% of the collective owned enterprises and private enterprises, and 10% of the individual industrial and commercial households' contributions.

The basic old-age insurance fund reserve for rural residents is raised by the municipal, district and county finance according to the 3% of the annual rural residents' payment.

All rural social basic old-age security funds should be incorporated into financial accounts, and two lines of revenue and expenditure management should be implemented, with special funds only. No department, unit or individual may occupy or divert it, nor can it be used to balance budgets.

Those who do not collect, arrange, use and manage rural basic pension funds in accordance with regulations shall be dealt with strictly according to the relevant provisions.