The increase this year is lower than last year.
It is worth noting that after experiencing an increase of 1 1 times 10%, the pension standard for enterprise retirees was raised by about 6.5% last year, and this year's increase was further lowered to 5.5%. Why did the adjustment of pension standards begin to decline, and will it continue the downward trend in the future?
In this regard, Zhu, a researcher at the Financial Research Institute of the State Council Development Research Center, who has been engaged in pension research for many years, told the National Business Daily that the pension adjustment range was 10% in the first ten years, and it fell to 6.5% last year and became 5.5% this year. The important reason is that pension funds are under great pressure to pay, and this increase is likely to continue to decline in the future.
In March this year, Yin Weimin, Minister of Ministry of Human Resources and Social Security, introduced that the operation of the pension fund was generally stable. Last year, the total income of the basic old-age insurance fund for urban workers was 2.84 trillion yuan, the total expenditure was 2.58 trillion yuan, and the current balance was more than 260 billion yuan. The accumulated balance is 3.67 trillion yuan, which can guarantee the payment of 17 months.
In this regard, Zhu said: "In recent years, we have seen that the income and expenditure of pension funds in many places are unbalanced and need financial transfer payments. In the past five to six years, financial transfer payments have reached nearly 2 trillion yuan, and pension funds are under great pressure. "
In the future, China's pension payment will face tremendous pressure.
According to Zhu, the pension standard has been rising by 10% for many years, and the actual increase in some places even exceeded 10%. During the local investigation, many local governments reported that it has become an important reason for the imbalance of funds due to the continuous substantial growth in the past decade.
It must be mentioned that in recent years, how to adjust the pension and whether to establish an institutionalized adjustment mechanism have always been the focus of the industry.
In April last year, when Jong Li, then the spokesperson of Ministry of Human Resources and Social Security, explained that the pension increase was adjusted to 6.5% last year, he said that the adjustment level of about 6.5% was determined by comprehensively considering the current economic and social development and the current pension level of retirees in enterprises and institutions.
Zhu believes that a topic about the adjustment mechanism of pension standards has been done before, but China has not yet established an institutionalized automatic adjustment mechanism. From the experience of foreign countries, this automatic adjustment mechanism will generally be adjusted automatically in combination with changes in prices, labor productivity, average social wages and other indicators.
"In the future, there will be more and more pressure on pension payment in China. From the perspective of pension investment, under the downward pressure of the economy, the income from pension investment may not be too great, the fiscal growth rate is also slowing down, and the transfer payment ability is limited. The adjustment of future pension standards is likely to continue to decline. " Zhu said to: