Our country’s pension insurance policy can be traced back to 1986.

In 1986, the State Council announced four stipulations on the reform and innovation of the labor system, including the "Interim Provisions on the Implementation of the Labor Contract System in State-Owned Enterprises", "Interim Provisions on the Recruitment of Workers by State-Owned Enterprises", "Interim Provisions on the Dismissal of Discipline-violating Employees by State-Owned Enterprises" and

"Interim Provisions on Unemployment Insurance for State-owned Enterprise Employees".

Among them, the "Interim Provisions on the Implementation of the Labor Contract System in State-owned Enterprises" stipulates for the first time that the state will implement a social security system for the retirement of workers under labor contract systems.

The source of pension and retirement stock funds is paid by enterprises and workers under labor contracts.

This is the prototype of my country's pension insurance policy, but due to the lack of complete mechanisms and standards, it is a demonstration point and practical attribute among enterprises.

The policy and regulation announcing the reform and innovation of our country’s pension insurance policy should be Guofa (1991) No. 33, which is the “Decision of the State Council on the Reform of the Pension Insurance System for Enterprise Employees”. The implementation of this decision means the reform of our country’s pension insurance policy.

The innovation announcement kicked off; then the State Council issued the "Notice on Deepening the Reform of the Pension Insurance System for Enterprise Employees", which for the first time proposed to gradually include all types of urban enterprises in the coverage area of ??social pension insurance; in 1997, the State Council issued the National Development (1997

) No. 26, namely the "Decision of the State Council on Establishing a Unified Basic Pension Insurance System for Enterprise Employees". Since then, a unified basic pension insurance system for enterprise employees has been established across the country. This institutional innovation has basically unified the national pension insurance policies.

In 2005, the State Council issued the "Decision of the State Council on Improving the Basic Pension Insurance System for Enterprise Employees", which further improved the mission objectives of the pension insurance policy, paid out pensions on time, unified the pension calculation method, and reformed and innovated the personal pension insurance system.

The account management method has established a normal adjustment and management mechanism for pension insurance benefits. That is, starting from 2005, the pension insurance benefits of retired employees have been adjusted for the first time.

The comprehensive level of social pension insurance has been transformed from county and city level comprehensive to prefecture and city level coordination, and a provincial and ministerial level pension adjustment system has been established.

The monthly calculation of the personal account pension service pension we use now is implemented in accordance with the relevant provisions of the National Development (2005) No. 38 Document, and nothing has changed yet.

The "Social Insurance Law of the People's Republic of China" passed by the Standing Committee of the National People's Congress in 2011 was promulgated and implemented, which means that our country's social security system has entered the track of legalization. With the announcement of the pension insurance policy of administrative institutions in October 2014,

With the implementation of the residents’ pension insurance system in 2014, a multi-level, coverage, basic and sustainable development pension insurance policy layout has been formed in our country.

From 2019 to 2020, all provinces and autonomous prefectures across the country have completed provincial-level coordination of social pension insurance. Before that, the four major municipalities first completed provincial-level coordination. Provincial coordination is the prerequisite for promoting national coordination of social pension insurance.

What benefits does this kind of nationwide coordination bring to insured persons or retired employees?

First, policies related to social pension insurance are unified across the country.

Although the current social pension insurance policies are basically unified, external economic policies may show their own capabilities, and there are still some areas of disunity among provinces and cities.

Second, the pension insurance for retired employees is paid out on time and safely.

Of course, previous pensions were paid on time, and there was no arrears in pension insurance payments. However, this was based on the central adjustment system.

After the national co-ordination of social pension insurance is completed, the responsibilities of the central and local governments will be clearer, and the social security fund will be able to achieve national co-ordination.

Third, the channels for obtaining information are smoother, and the transfer of social pension insurance is convenient and fast.

Some people think that after the national co-ordination of social pension insurance, pension insurance relationships will no longer be transferred. In fact, this understanding is incorrect.

Our country is so big, and the phenomena across the country are different. Regarding the choice of retirement place, the choice of social insurance participation place, etc., the original relevant regulations will not change. Only the change of social pension insurance will no longer be so complicated and can be passed smoothly across the country.

The information management system of social pension insurance can be migrated.

Fourth, the state’s human resources and social security department shall implement a unified release of the payment base and pension service pension amount.

However, there are indeed differences in the payment base and pension amount between provinces and cities, but the amount implemented must be based on the amount released by the national human resources and social security department.

Each province and city cannot independently publish the payment base and pension calculation amount, and the pension calculation method will also be unified across the country.

In general, the national coordination of social pension insurance is not only a general trend but also a development goal.

What benefits can be brought about in the comprehensive link can only be understood after the comprehensive implementation opinions are promulgated.

However, the migration of pension insurance relationships that everyone is concerned about, the social pension insurance payment base and pension calculation and payment amounts will be more fair and equitable, social security payment policies and retirement policies will be more unified, and pension calculation methods will be unified across the country.