The State Council Press Office will hold a press conference on 19 (Monday, 19) in the press room of the State Council Information Office, and ask Vice Minister Hu Xiaoyi of Ministry of Human Resources and Social Security to introduce the reform of the endowment insurance system in government agencies and institutions and answer questions from reporters.
[Hu Xiaoyi] The reform of enterprise endowment insurance system lasted for a long time, beginning in the 1990s. The scope of reform has gradually expanded from the original state-owned enterprises to other ownership enterprises and other urban workers, including individual industrial and commercial households and flexible employees. By the end of last year, it had covered about 340 million people. In recent years, the scale of the fund has been expanding, and now the total amount of the fund has reached more than 3 trillion, which has prepared better material conditions for us to meet the challenge of the aging peak. However, the State Council decided to implement the reform in public institutions from June 10 to June 1. This is a new measure, and there was no fund accumulation in the past. Then, will there be a merger after the reform, and then institutions will "eat" the pension fund with a balance of more than 3 trillion? I can answer for sure, no.
Article 6 of the State Council's "Decision" clearly stipulates: "The basic endowment insurance funds of government agencies and institutions and the endowment insurance funds of enterprise employees shall be established, managed and used separately". The reason for making this provision is to consider the question you raised. After the reform of the endowment insurance system in government agencies and institutions, the basic system model and basic rules are consistent with those of enterprises, realizing the fairness of rules and systems. However, the fund is co-ordinated separately and is not mixed with the enterprise pension insurance fund. The reason for this provision is that on the one hand, it is considered that the channels for endowment insurance and wage payment of institutions and institutions are clear, mainly the supply of financial funds, so finance at all levels still has to bear important responsibilities. On the other hand, considering that the dependency ratio of government agencies and institutions is higher than that of enterprises, the ratio of employees to retirees in enterprises is now roughly 3: 1, while institutions are much higher. The impression is about 2.5: 1, while in the organization it is about 2: 1. Considering the imbalance of dependency ratio, it is not appropriate to mix it with enterprise endowment insurance fund, or stick to the financing channel based on financial contribution. Therefore, the implementation of the State Council's "Decision" on "separate accounts, separate management and use of funds" will not lead to the situation of "eating up" the surplus funds of enterprises after the reform of the endowment insurance system of government agencies and institutions. Therefore, we don't have to worry about this.