Disabled persons' employment security fund (残疾人就业保障金) | Practical Law

Disabled persons' employment security fund (残疾人就业保障金) | Practical Law

Disabled persons' employment security fund (残疾人就业保障金)

Disabled persons' employment security fund (残疾人就业保障金)

Practical Law UK Glossary 7-589-3510 (Approx. 2 pages)

Glossary

Disabled persons' employment security fund (残疾人就业保障金)

Article 9 of the Regulations on the Employment of Persons with Disabilities 2007 requires companies that fail to meet the statutory target percentage of disabled employees (at a rate of 1.5%, or more subject to local variations) to make payments into this fund. The funds are required to be used for vocational trading and job placement for the disabled.