Lou Jiwei, chairman of the Social Security Fund, said in his report at the first meeting of the Sixth Council that the investment scope of the Social Security Fund will be further expanded in 20 17, and an implementation plan for transferring some state-owned capital to enrich the Social Security Fund will be issued as scheduled.
Social security fund belongs to "national strategic reserve currency", which is composed of central budget allocation, state-owned capital transfer and fund investment income, which is different from social insurance fund composed of employers and individuals. Although it is not the money paid by the people themselves, it is still a "reassuring" in the field of people's livelihood.
In order to cope with the pension payment gap caused by aging, the State Council established the National Social Security Fund and the National Social Security Fund Council in August 2000. Since the initial financial allocation of 20 billion yuan, the social security fund has expanded by about 100 times in 16 years. According to the data released by the social security fund, by the end of 20 16, the total assets managed by the social security fund were 2,042.755 billion yuan, an increase of 801158 million yuan or 64.53% compared with the beginning of 2014.