First of all, China's current pension fund income and expenditure can basically be balanced. Take the basic old-age insurance for enterprise employees as an example. In 20021year, its fund income was 4.4 trillion yuan, its expenditure was 4. 1 trillion yuan, and its net income reached 0.3 trillion yuan. This is still an achievement made under the background of epidemic situation and social insurance deferral, which is quite difficult. Since the beginning of this year, China has accelerated the national overall planning of endowment insurance, and transferred 54.5 billion yuan of endowment insurance fund in the first quarter to ensure that pensions are paid in full and on time.
Secondly, the accumulated balance of China's endowment insurance fund is also considerable. At present, the accumulated balance of various pension funds has exceeded 6.7 trillion yuan, so there is no need to worry about the payment of pensions.
Finally, China has additional subsidies and reserves for the old-age security for the elderly. On the one hand, China's central government's subsidies to the endowment insurance fund are constantly increasing, and the financial subsidies of 202/kloc-0 alone reach nearly 900 billion yuan. On the other hand, the strategic reserve of China Social Security Fund has exceeded 2 trillion yuan.