On May 10, the Hangzhou municipal government published the Notice on Adjusting the Minimum Wage Standard in Urban Areas on its official website.
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Hangzhou adjusts the monthly minimum wage in the urban area
The notice clarifies that from New Year's Day 2024, the minimum monthly wage in Hangzhou will be increased from the current 2,280 yuan to 2,490 yuan, and the minimum hourly wage for part-time employees will also be increased from the original 22 yuan per hour to 24 yuan. The new wage standard will be implemented from the date of implementation until the next adjustment.
Hangzhou has long been committed to a high-quality development model, promoted the innovation and improvement of the social security system, and has always maintained an advanced level in setting minimum wage standards in many cities across the country.
This measure to raise the minimum wage standard is one of the key steps for Hangzhou to strive to become a high-quality development city in Zhejiang Province's common prosperity demonstration zone.
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Adjustment of relevant benefits
With the increase in the minimum wage, other related subsidies and guarantees will also be increased accordingly.
Overtime wages: In order to protect the legitimate rights and interests of the majority of workers, the social security policy also clearly stipulates that the method of determining the minimum wage should be converted in hours or days, and the overtime wages on weekdays, rest days and statutory holidays should be at least 1.5 times, 2 times and 3 times of the minimum wage standard.
Unemployment insurance benefits: For individuals who have worked for more than one year and less than 10 years, the unemployment insurance benefit is 70% of the minimum wage; And for those who have worked for more than 10 years, unemployment insurance benefits reach 80% of the minimum wage.
This means that as the minimum wage increases, so does the amount of insurance paid during periods of unemployment.
In order to further strengthen the protection of the unemployed, Hangzhou has adopted the strategy of implementing the simultaneous adjustment of the minimum wage and unemployment insurance premiums to ensure that the unemployed population in Hangzhou can get the guarantee of basic livelihood, so it has launched a mechanism for the linkage adjustment of the minimum wage standard and unemployment insurance premiums.
It should be emphasized that from January 1, 2024, the unemployment benefit standard in Hangzhou will be adjusted, and the monthly payment standard will be increased from 2,052 yuan to 2,241 yuan, an increase of 189 yuan.
For those who are already in the process of receiving unemployment benefits, payments will be accepted at the new standard from May without applying.
The policy also introduces a new consideration that from January to April 2024, those who are eligible for unemployment insurance benefits in Hangzhou and have already received part of the unemployment insurance benefits will have the right to apply for the difference in the previous unemployment insurance benefits.
If you need to apply for unemployment insurance benefits, please put away the following practical post↓↓↓
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Guidelines for Applying for Unemployment Insurance Benefits
Unemployment insurance is a social security policy that provides living allowance to the unemployed.
The conditions for receiving unemployment insurance benefits include:
The applicant must have fulfilled the payment obligation together with the employer for one year, and the resignation is not of his own will, and he or she has been registered as unemployed and has a job search requirement. Applicants are also required to provide a financial social security card.
Unemployment insurance benefits can be handled through online platforms or offline windows.
For example, the unemployment insurance premium standard in Hangzhou will be increased to 2,241 yuan per month from January 1, 2024. The period of receiving unemployment insurance premiums depends on the length of time for which the person and his or her employer paid unemployment insurance premiums before becoming unemployed, and the maximum period is not more than 24 months. Unemployment benefits are approved in the current month and paid the following month, usually around the 22nd of each month.
If an individual becomes unemployed repeatedly after being re-employed, the cumulative payment period will be recalculated, and the total amount of the new payment time limit plus the unpaid period shall not exceed 24 months.
The above is a detailed guide on the application of unemployment insurance benefits, and applicants need to meet the corresponding conditions and follow the procedures to ensure that they can receive unemployment insurance benefits smoothly.
Write at the end
In summary, the social security policy, with its complex and changeable characteristics, has a far-reaching impact on the progress and development of social and economic activities in the mainland.
It can be seen from Hangzhou's performance in this adjustment of the minimum wage standard that the mainland is actively promoting a fairer, more transparent and competitive reform of the social security system, trying to find an effective way to balance economic growth and improve people's lives.