What are the main reasons for the gap in endowment insurance? Our old-age insurance is indeed unable to meet the expenses, and similar situations have occurred in many regions and provinces. The main reason is the aging of the population and the decrease of the working-age labor force, which leads to the disappearance of the demographic dividend and eventually leads to the pension gap, that is, the imbalance of income and expenditure.

But on the whole, that is to say, since the social security fund adjustment system has been implemented nationwide, the provinces with unbalanced income and expenditure can basically be replenished, because the provinces with surplus income and expenditure can be replenished, and then the provinces with unbalanced income and expenditure can be replenished to get a balanced state, that is to say, a balanced pension can be obtained, which can ensure the timely and full payment of pensions.

However, since this problem is highlighted, it means that it will only become more and more serious in the future, which means that the degree of population aging in our country will become more and more serious in the future, which is one of the important reasons. On the other hand, the working-age population will continue to decrease, so I believe that the pension gap will only increase in the future, so the reform of the old-age insurance system is very important and should be said to be imminent.

We don't know exactly how to reform, but there is an important feature that can explain this problem, that is, the so-called delayed retirement in previous years, because delayed retirement can effectively alleviate the imbalance of pension income and expenditure, and can also effectively alleviate the normal expenditure of pensions. Therefore, by delaying retirement, retirees can be turned into working-age population, for example, by delaying for five years, then at least people in these five years will be turned from retirees into working-age population, which can effectively reduce the expenditure on pensions.

Of course, as far as the comprehensive pension reform is concerned, it is difficult to fundamentally solve this problem simply by delaying retirement, so I think it is more important to solve this problem not only by delaying retirement, but also from the income and expenditure of pensions. Of course, the overall income of retirees cannot be reduced. This is unrealistic, but from the perspective of long-term mechanism, comprehensive reform is necessary. At present, pensions can basically be paid in full and on time, because after all, pensions will grow normally in 2020 this year, which means that the overall balance of pensions can be met and will be met in the future, but only in the long-term mechanism, so if the pension fund goes bankrupt without reform, this reform should be imperative.

The 1 step of reform should be to postpone retirement. In addition to delaying retirement, I think there are a series of measures to ensure the balance of our pension, such as increasing the transfer of operating profits of state-owned enterprises. People who can promote the balance of pension funds in all aspects and ensure the timely and full payment of pensions are the most basic guarantee for our retirees.