Social Security

Adopting Singapore's experience of the Central Provident Fund (CPF) system, SIP develops the only Regional Provident Fund (RPF) scheme in China namely SIP Provident Fund System, based on pre-payment accumulation and personal account deposit. This system covers social security items such as pension, medical care, unemployment, employment injury, birth-giving, housing and family guarantee, helps enterprises not only to lower labor costs but also to retain talents.

SIP Provident Fund Contribution Proportion:

	Type A	Type B	Type C
Employer	22.2% 22.2%	18.2% 18.2%	14.2% 14.2%
Employee	22% 22%	18% 18%	14% 14%