If Shandong's practice is popularized throughout the country, the pension gap that has existed for many years may be solved in one fell swoop, and the social security system reform in China will also make a breakthrough.
"empty account problem"
1993110 In October, the Third Plenary Session of the 14th CPC Central Committee adopted the Decision on Several Issues Concerning the Establishment of the Socialist Market Economic System, which clearly put forward the establishment of a new social security system, in line with the general direction of the social security system in advanced countries in the world.
According to this decision, the reform of social security system should start with the establishment of endowment insurance ("unified account") which combines social pooling with individual account. However, the establishment of the new old-age insurance system encountered difficulties in raising funds from the beginning, and there was a problem of "empty accounts" in the accounts of the old employees of state-owned enterprises.
Before the reform, employees of state-owned enterprises did not have personal accounts. In fact, the "low wage system" was implemented at that time, and the social security fund of workers was deducted when the state paid wages. This fund forms a national accumulation, and the government uses it to invest in state-owned enterprises. In the future, when employees retire in old age, the government will use the profits and taxes paid by state-owned enterprises to pay pensions. This is financially feasible. However, after the establishment of the personal account system, it is necessary to solve the problem of "empty accounts" of employees' personal accounts, realize the connection of funds, solve the problem of returning social security funds of old employees, and solve the problem of government compensation for employees' hidden liabilities. At the end of 20001,the National Social Security Fund Council was formally established to manage and operate the centralized social security fund. The Council has played a great role in solving the problem of "empty accounts".
Two phase contrast
Since the beginning of the new century, although China's economy has made great progress and the government's fiscal revenue has doubled, the reform involving the basic living security of thousands of households has not made significant progress.
The gap in social security funds continues to widen. Although the central government arranged subsidies for the endowment insurance fund, it increased from 2.3 billion yuan in198 to 97.397 billion yuan in 2007. Obviously, even if the finance can bear huge expenses, it is difficult to maintain the established old-age insurance system for a long time.
In 2006, Xiang Huaicheng, the second chairman of the National Social Security Council, called for "allocating state-owned assets to enrich the social security fund. It's time to make up your mind!"
According to the data released by the State-owned Assets Supervision and Administration Commission (SASAC) on 20 10, by the end of 2009, the total amount of state-owned assets in China has exceeded 53 trillion yuan, and it is fully capable of using part of it to repay the hidden debts of the state to the old workers. However, by the end of 20 1 1, the accumulated funds allocated by state-owned shares to the National Social Security Fund Council were only 211900 million yuan, accounting for only 1% of the net assets of all state-owned enterprises held by the central and local governments and 1.5% of state-owned listed shares.
In sharp contrast to the rapid growth of state-owned assets, the "hole" of social security is getting bigger and bigger. Especially in Shanghai, the most aging city in China, the pension fund deficit appeared for the first time in 2000, and then soared year after year, and the financial subsidy to the pension deficit was second only to the public expenditure on infrastructure construction.
In the past ten years, the annual work report of the central government has emphasized "allocating state-owned assets to enrich the national social security fund", but it has not been implemented.
Don't miss this opportunity.
In recent years, the economic growth rate of China has been declining year after year, the fiscal revenue has bid farewell to the high growth in the past 20 years, and the social aging is also accelerating. It is urgent to make up the pension gap. Because the biggest difficulty in establishing a new social security system is that the problem of old employees' old-age insurance debts cannot be solved, and the new old-age insurance system cannot operate normally.
At present, the contribution rate of domestic pension and social security is already very high compared with other countries, so it is unrealistic for citizens and enterprises to pay more and gradually narrow the gap. The solution to the dilemma of providing for the aged is to pay off historical debts and postpone retirement age. Allocating state-owned capital is an effective measure to break the pension dilemma.
Due to various reasons, the reform of state-owned enterprises is progressing slowly. Shandong province's ice-breaking move not only enriched the social security fund, but also promoted the reform. Because the allocation of state-owned assets can not only solve the problem that many state-owned enterprises are dominated by one share, but also improve corporate governance in many ways, which is also conducive to the healthy development of the capital market.
At present, state-owned assets are in good condition and opportunities are rare. Whether we can break through the resistance and pay off the old debts as soon as possible is not only the requirement of establishing a new social security system, but also the determination and courage of policy makers.
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