realize the national overall planning of employees' basic pension.

Proposal on Formulating the Thirteenth Five-Year Plan for National Economic and Social Development

(6) Establishing a fairer and more sustainable social security system. Implement the national insurance plan and basically achieve full coverage of statutory personnel. Adhere to the actuarial balance, improve the financing mechanism, and distinguish the responsibilities of the government, enterprises and individuals. Appropriately reduce the social insurance rate. Improve the social insurance system.

improve the personal account system of employee pension insurance and the incentive mechanism of overpayment. Realize the national overall planning of employees' basic pensions and establish a reasonable adjustment mechanism for basic pensions. Broaden the investment channels of social insurance funds, strengthen risk management and improve the return on investment. Gradually increase the proportion of state-owned capital gains turned over to the public finance, and transfer some state-owned capital to enrich the social security fund. Introduce a gradual policy of delaying retirement age. Develop occupational annuities, enterprise annuities and commercial endowment insurance.

improve the mechanism of stable and sustainable financing and reimbursement ratio adjustment of medical insurance, and study and implement the policy of medical insurance payment for retirees. Fully implement the serious illness insurance system for urban and rural residents. Reform the payment method of medical insurance and give play to the role of medical insurance in controlling fees. Improve personal accounts and carry out outpatient expenses as a whole. Realize the direct settlement of hospitalization medical expenses for retirees who are resettled in different places across provinces. Integrate medical insurance policies and management for urban and rural residents. Encourage the development of supplementary medical insurance and commercial health insurance. Encourage commercial insurance institutions to participate in medical insurance management. Combine maternity insurance with basic medical insurance.

co-ordinate the relief system, strengthen policy convergence, promote system integration, and ensure the basic livelihood of people in need.