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Interpretation of the latest pension policy in the window of pension increase

Interpretation of the latest pension policy in the window of pension increase

Retirees' pensions will rise for 16 consecutive years, and the pension adjustment plan for urban and rural residents will be gradually released. The pension will rise for a breakthrough in the pension insurance reform in the window period

At the beginning of 2020, a new round of pension increase window opened again. The reporter of the economic information daily learned that the pension of retirees will rise for 16 consecutive years, the pension of urban and rural residents is expected to continue to rise, and many places are brewing specific plans. At the same time, the reform of the endowment insurance system in 2020 has also ushered in a key year. New breakthroughs have been made in the construction of the multi-level endowment insurance system, and a number of heavy measures are ready to go

It is reported that the reform of the basic old-age insurance system is in full swing, and the reasonable pension adjustment mechanism and occupational pension investment management measures may be accelerated. In 2020, the central adjustment proportion of pension insurance fund will continue to be increased, the provincial overall planning of pension and the pension investment of urban and rural residents will be fully completed, and the concerned 'third pillar' - individual pension system has entered a period of full force.

Following the 5% increase in China's retiree's pension in 2019, the pension of retirees of urban enterprises and government organs and institutions will rise for 16 consecutive years in 2020. The pension increase plan has been brewing or accelerated in the near future.

Pension adjustment plans for urban and rural residents are also brewing. Guangdong, Inner Mongolia and other local cases were gradually released and officially implemented this month. For example, in 2020, Guangdong Province will pay an additional basic pension of no less than 3 yuan per month for those who have paid for more than 15 years; For the elderly insured who have reached the age of 65 and above, the basic pension shall be appropriately paid every month. At the same time, the original payment level of individuals will be adjusted to nine levels between 180 yuan and 4800 yuan per year. Inner Mongolia adjusted the payment level standard of basic old-age insurance for urban and rural residents to 12 levels ranging from 200 yuan to 7000 yuan. Government subsidies for various payment levels are also clearly stipulated, with 3000 yuan as a subsidy of 90 yuan, 5000 yuan as a subsidy of 95 yuan, 7000 yuan as a subsidy of 100 yuan.

Zhu Xiaoyu of the social development research center of the Chinese Academy of financial Sciences of the Ministry of Finance told the reporter of the economic reference daily that the Fourth Plenary Session of the 19th CPC Central Committee clearly required to steadily improve the level of basic old-age insurance. In 2020, the level of basic old-age insurance benefits for urban employees will continue to rise. In terms of adjustment methods, it is considered to combine the "step-by-step" inclusive adjustment with the "sequencing" key tilt adjustment. In addition, the public finance will increase the old-age insurance treatment subsidies for urban and rural residents to further narrow the treatment level gap under the dual old-age insurance system.

Wang Dehua, a researcher at the Institute of financial strategy of the Chinese Academy of Social Sciences, pointed out that with the improvement of the standard of financial subsidies and the policy encouragement of paying more and more, the old-age insurance treatment of urban and rural residents in China will continue to improve as a whole. In addition, the current financial subsidies are mainly based on local financial resources, and the standards and principles will be further clarified in the future.

The reporter learned that in order to ensure the steady improvement of old-age benefits, the reform of old-age insurance system in 2020 is expected to usher in a new breakthrough. " 2020 is a key year for the reform of the old-age insurance system, the effect of social security fee reduction is beginning to appear, and the provincial overall planning system of old-age insurance will be fully established nationwide. The central coordination system continued to be strengthened. At the same time, & lsquo; 13th five year plan & rsquo; At the end, social security will basically achieve full coverage, & lsquo; Fourteenth five year plan & rsquo; The goal will be finalized. " Fang Lianquan, Secretary General of the world social security research center of the Chinese Academy of Social Sciences, said.

Fu Jinling, director of the social security department of the Ministry of finance, recently revealed that according to the requirements of the CPC Central Committee and the State Council, relevant departments are stepping up research on reforming and improving the basic old-age insurance system.

With regard to the focus of reforming and improving the basic old-age insurance system, Jin Weigang, President of the Chinese Academy of labor and social security, said that China will accelerate the national overall planning of the basic old-age insurance fund. In 2019, the central adjustment proportion of the old-age insurance fund will increase to 3.5% from 3% in 2018, and the central adjustment proportion of the old-age insurance fund will further increase in 2020. In addition, we will comprehensively promote the reform of the old-age insurance system in government organs and institutions, realize the smooth connection of old-age benefits before and after the reform, and introduce investment management measures on occupational annuity as soon as possible. Improve the individual account system of employee pension insurance.

"We should also step up the establishment of a reasonable pension adjustment mechanism. We should ensure and steadily improve the basic livelihood of retirees, properly share the fruits of economic development, and control the treatment adjustment within the range that the fund and finance can bear. " Jin Weigang said.

As an important transition of national overall planning of endowment insurance, provincial overall planning is accelerating. By the end of last year, 13 provinces had achieved provincial unified income and expenditure of the fund. Shandong, Anhui, Guangxi and Shanxi recently announced that the provincial overall planning system of basic old-age insurance for enterprise employees will be officially implemented from January 1, 2020.

In addition, in terms of maintaining and increasing the value of endowment insurance funds, the entrusted investment of basic endowment insurance funds for urban and rural residents will be implemented by the end of 2020. The 'two pillars' and' three pillars' of old-age insurance will also accelerate breakthroughs.

Jin Weigang pointed out that after the national overall planning of the basic pension for urban workers and the implementation of the investment and operation of the basic pension insurance fund for urban workers, with the rapid expansion of the scale of the national basic pension insurance fund for urban workers and the enhancement of the fund adjustment and anti risk ability, the rate of basic pension insurance paid by enterprises can be appropriately reduced in due time, Guide and encourage more enterprises to establish enterprise annuity through policy support. At the same time, we will effectively increase tax incentives to promote the development of the 'third pillar', that is, the individual pension system.

Zhu Xiaoyu also said that with the acceleration of China's aging population, the construction of multi-level social security system is in full force, and the development of the second and third pillars will gradually usher in a policy dividend period. At present, the top-level design of the third pillar system construction is being promoted.

The relevant person in charge of the China Banking and Insurance Regulatory Commission recently said at the regular policy briefing of the State Council that in promoting the development of commercial insurance in the social field, it will improve the individual tax deferred commercial old-age insurance policy and support the development of the third pillar of old-age insurance. The guidance of China Banking and Insurance Regulatory Commission on promoting the high-quality development of banking and insurance industry also puts forward 'vigorously developing enterprise annuity, occupational annuity and various health and endowment insurance businesses' and' Strengthening the construction of the third pillar of endowment insurance '.

"The reform of China's old-age insurance system has been on the road. The comprehensive completion of a well-off society is coming, and the social security system will also enter a new stage of development in which the institutional structure is basically finalized and more mature and perfect. In & lsquo; Guarantee as much as possible & rsquo; After the basic realization of the goal, promoting overall planning, ensuring fairness and sustainability will become the focus of system improvement. " Zhu Xiaoyu said.