Reported about 1 year ago
Encouraged by the Financial Supervisory Commission, the scale of employee welfare trusts has been growing steadily over the past four years. However, when grassroots agricultural associations tried to promote employee welfare trusts, they encountered obstacles due to outdated regulations. Two specific old regulations prevent agricultural association employees from setting up welfare trusts, impacting their ability to accumulate retirement funds. The Ministry of Agriculture's interpretation further complicates the issue, stating that the monthly subsidy of 10 yuan for the employee welfare trust cannot be considered a reward within the scope of personnel management regulations. This situation highlights the need for regulations to adapt to the times, allowing for adjustments to facilitate employee welfare trusts.
Source: YAHOO