The income of employee pension insurance fund has not outperformed CPI

According to statistics, there are now more than 8 million elderly people over 65 in Guangdong. With the acceleration of population aging, the preservation and appreciation of pension insurance fund has attracted much attention. Recently, Southern Reporter sorted out the interest income of pension funds in Guangdong Province and 14 cities including Guangzhou, Shenzhen, Foshan, Dongguan, Zhongshan, Zhuhai, Jiangmen, Zhaoqing, Chaozhou, Heyuan, Shaoguan, Qingyuan, Yunfu and Zhanjiang in 213 or 214 according to the published information of relevant departments in various places.

I want to know whether the social security fund has depreciated. CPI is the lowest reference value. Nandu reporter divided the interest income of the current year by the accumulated balance of the social security fund in the current year to get the current rate of return of the social security fund, and then compared this result with the C PI increase of the city in the current year, we can know whether the social security fund outperformed the CPI.

The calculation results show that six cities outperformed the CPI increase and six cities did not. Among them, the yield of the basic endowment insurance fund for urban employees in Yunfu and Qingyuan City was greater than the CPI increase of the city in 213 and 214 for two consecutive years. The rate of return of social security funds in Dongguan (social endowment insurance fund), Chaozhou, Heyuan and Shaoguan in 213 was also greater than the increase of local CPI in that year.

The pension funds in Guangzhou and Shenzhen in 213 and in Foshan, Zhongshan and Zhuhai in 214 failed to outperform C PI. Among them, the interest rate of pension funds for enterprise employees in Guangzhou in 213 was less than 1.6%, which was 1 percentage point lower than that of Guangdong in that year. In 213, the interest rate of return of enterprise employees' pension insurance fund in Shenzhen was even lower, less than .46%, which was much lower than the C PI increase of 2.7% in Shenzhen in 213. In 214, the interest rate of return of urban employees' basic pension insurance fund in Jiangmen was also lower than 1%.

There were two other cities that outperformed and depreciated in one year. The yields of Zhuhai and Zhongshan in 213 were higher than the local C P I increase in that year, but

from the situation of the whole province, due to the unpublished data in 214, the interest yield of the basic old-age insurance fund for urban employees in Guangdong province in 213 was 1 .34%, while the C PI in Guangdong province increased by 2.5% in 213, indicating that the basic old-age insurance fund for urban employees in Guangdong province depreciated as a whole in 213.

why is there a multiple gap in interest rate of social security funds in different cities? Why is the social security fund in the same city increasing in value the year before and depreciating in the year after? In this regard, some professionals believe that there are two reasons. First, because most social security funds are deposited in banks in the form of time deposits, the interest on time deposits is paid on schedule, not on an annual basis. Take a 3-year time deposit as an example, the interest will be paid in one lump sum when the deposit is over 3 years, but no interest will be paid in 3 years. This has led to a big gap in interest income in different years.

Yu Xuehua, deputy to the provincial people's congress and former director of Jiangmen Social Security Fund Administration, said that the interest on time deposits could not be settled until it was due, and it may not have arrived in that year, which could not explain the low rate of return. In numerical terms, the interest rate of return in Guangzhou and Shenzhen was much higher than that in Yunfu.

In addition, Zhuhai Finance Bureau said that in 2 1 3, the interest income was 97 million yuan, the accumulated balance was 28.683 billion yuan, and the rate of return was 3 .38%. In 213, the inflation rate in Zhuhai was 2 .3%, and the income of the social security fund in Zhuhai outperformed the C PI increase, but there was still room for appreciation.