By the end of 2006, a total of 17,288,000 people participated
in basic social insurance in Guangdong including 15,815,000
in corporate basic social insurance, up by 10.5% and 11.1%
over the previous year respectively. Total social insurance
fund Guangdong collected in 2006 amounted to 53.2 billion
yuan with accumulated balance totaling 102.7 billion yuan,
up by 22.6% and 25.2 billion yuan respectively. Corporate
basic social insurance fund reached 49.3 billion yuan in 2006
with a total accumulated balanceof 89.9 billion yuan, an increase
of 24% and 23.2 billion yuan respectively. Guangdong leads the
country with regard to the number of social insurance participants,
fund collection and accumulated balance. Social insurance for farmers and land-expropriated farmers totaled
1,294,000 including 417,000 eligible to receive a monthly average
pension of 200 yuan. 6 prefecture level or above cities including
Dongguan, Shenzhen, Zhongshan, Foshan, Zhuhai and Guangzhou
implemented social insurance system for farmers and land-
expropriatedfarmers in an all-round way. Guangdong's participants in unemployment insurance totaled
12,139,400 in 2006, a year-on-year increase of 7.36% and
832,700 respectively, continuing to be national leader with
respect to participant. Total unemployment insurance premium
amounted to 3.76 billion yuan, up 16.26% and 526 million yuan
respectively. A total of 1,329 billionyuan of unemployment
insurance compensation was paid for 314,700aid-offs and
497,600 migrant workers, a decrease of 48 million yuanand
3.49% respectively.
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