EMPLOYEE BENEFITS

12 Months Ended

Dec. 31, 2016

EMPLOYEE BENEFITS [Abstract]

EMPLOYEE BENEFITS

14. EMPLOYEE BENEFITS

In accordance with the relevant rules and regulations in the PRC, employees of the Company are covered by benefit plans established by the local government. These plans are defined contribution plans and ReneSola Zhejiang, Sichuan ReneSola, ReneSola Jiangsu and ReneSola Shanghai have contributed 14%, 19%, 19% and 20% separately of the basic salaries of its employees to such plans. In addition, ReneSola Zhejiang, Sichuan ReneSola, ReneSola Jiangsu and ReneSola Shanghai are required by PRC law to contribute approximately 22%, 18%, 20.4% and 19.2% separately of the basic salaries of its employees for medical insurance benefits, housing funds, unemployment and other statutory benefits. Other than the contribution, there is no further obligation for payments to employees under these plans.

The total contribution was$15,451,989, $11,244,297and $10,592,227 for the years ended December 31, 2014, 2015 and 2016, respectively.