Xinhua News Agency, Beijing, 65438+ 10/4 (Reporter Wang Youling) Lu Aihong, spokesman of Ministry of Human Resources and Social Security, said on June 14 that China's social security system had been running smoothly in 20 19 years. By the end of 20 19, the number of people participating in basic pension, unemployment and industrial injury insurance reached 967 million, 205 million and 255 million respectively.

Lu Aihong said at the press conference of the fourth quarter of 20 19 in Ministry of Human Resources and Social Security that China has actively promoted the methods of reducing social security fees, adjusting fees and stabilizing collection, which has greatly reduced the burden of social security contributions of enterprises, especially small and micro enterprises. The total income of the three social insurance funds was 5.82 trillion yuan, the total expenditure was 5.4 1 trillion yuan, and the accumulated balance of the funds at the end of the year was 6.85 trillion yuan.

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In October, 2020, the English version of Social Security in China was published by China Labor and Social Security Publishing House. The book points out that China has built the largest social security system in the world, with nearly 654.38 billion people covered by basic old-age insurance and over 654.38 billion people covered by basic medical insurance, and a multi-level social security system covering urban and rural residents has basically been established.

With regard to social security in China, since the establishment of the social security system in China, through continuous reform and standardized development, it has made remarkable achievements, effectively guaranteed and improved people's livelihood, enabled all China people to enjoy the fruits of economic and social development, and promoted social fairness and justice and coordinated economic and social development.

By the end of 20 18, all elderly people will basically enjoy old-age insurance and universal medical insurance, which are the largest social security plans in the world, both in total and in sub-projects;

With the development of economy and society, the level of security has gradually improved. In 20 18, the total expenditure of various social insurance funds in China was 6.72 trillion yuan, which was10.9 times higher than that of 2.33 trillion yuan in 20 12, ensuring and improving the basic life of the insured population. The strength of the social security fund has been continuously enhanced. In 20 18, the accumulated balance of five social insurance funds in China was 8.98 trillion yuan, an increase of 1.36 times compared with 20 12.