MEITUAN(HK:03690) 第一财经·2025-10-27 15:01Core Viewpoint - Meituan has announced the nationwide implementation of a pension insurance subsidy for delivery riders, allowing them to choose where to pay based on their needs, with an expected coverage of several million riders [3][4]. Group 1: Pension Insurance Subsidy Details - Starting in November, riders can opt to pay pension insurance in their registered or working locations, with the subsidy covering 50% of the payment for those meeting specific income criteria [3]. - Riders must have a monthly income that meets the local payment base threshold and have met this condition for at least three out of the last six months to qualify for the subsidy [3]. - The average monthly income for high-frequency riders in the first half of 2025 ranged from 6,949 to 10,201 yuan, with a typical contribution of 1,600 yuan per month for pension insurance based on an 8,000 yuan base [3]. Group 2: Coverage and Participation - Approximately 40% of riders are engaged in inter-provincial employment, and 70% are involved in inter-city work, with 81.6% being migrant workers [3]. - Meituan has been actively improving the social security scheme, including streamlining the subsidy disbursement process and providing 24/7 customer service for riders [4]. Group 3: Broader Welfare Initiatives - Since July 2022, Meituan has participated in a pilot program for "new employment form occupational injury insurance," expanding coverage to 17 provinces and cities, with over 2 billion yuan paid in premiums and 13 million riders covered by September 2023 [4]. - The company is building a multi-tiered welfare protection network for riders, which includes basic protections like pension insurance, occupational injury insurance, and special weather subsidies, as well as advanced protections such as major illness care and education funds for riders' children [4].