Group 1: Workers' Compensation Insurance Rate Reduction - The policy allows for a temporary reduction in workers' compensation insurance rates starting from May 1, 2023, with a 20% reduction for regions with a fund balance that can cover 18 to 23 months, and a 50% reduction for those with 24 months or more. The implementation period is extended until December 31, 2025 [1][2]. - Eligible entities include employers participating in workers' compensation insurance in regions meeting the fund balance criteria [2]. Group 2: Unemployment Insurance Rate Reduction - The unemployment insurance rate is set to be reduced to 1%, with this policy extended for another year, also until December 31, 2025 [5]. - All unemployment insurance participating units are eligible for this rate reduction, regardless of industry or company type [6]. Group 3: Policy Basis - The policies are based on several official documents, including the State Council's notice on reducing social insurance rates and notifications from the Ministry of Human Resources and Social Security regarding the implementation of these rate reductions [4][7].