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On what basis?

Are the pensions of public servants borne by the pension insurance fund?

On what basis?

The pension after retirement of civil servants is paid from the pension insurance fund, but not from the pension insurance fund of enterprise employees, but from the pension insurance fund of government agencies and institutions.

1. The pension insurance funds of government agencies and institutions are independently established.

my country's basic pension insurance is divided into three categories, namely, basic pension insurance for enterprise employees, pension insurance for government agencies and institutions, and basic pension insurance for urban and rural residents.

These three types of pension insurance have their own pension insurance funds, which are independent and accounted for separately. There is no problem of allocating funds from one pension insurance fund to another.

Pensions for enterprise retirees, retirees from government agencies and institutions, and retirees among urban and rural residents are paid from their respective pension insurance funds.

Therefore, the pensions of public servants are also borne by the pension insurance fund and are paid from the pension insurance funds of government agencies and institutions.

2. There is still a gap in the expenditure of pension insurance funds of government agencies and institutions.

Although there is no public data showing the size of the fund revenue and expenditure gap of government agencies and institutions, judging from the estimated dependency ratio of the pension insurance of government agencies and institutions is only about 2:1 (that is, two working people support one retiree).

There should be a gap in the income and expenditure of pension insurance funds.

Since there are many levels of pension insurance co-ordination in government agencies and institutions, they are generally county-level co-ordinators, city-level co-ordinators, provincial-level co-ordinators, etc.

These funds are independently accounted for.

The gap situation may be different in different places, some gaps are larger and some gaps are smaller.

3. The gap in the pension insurance funds of government agencies and institutions shall be subsidized by the finance.

Although there is a gap in the pension insurance funds of government agencies and institutions, there is basically no need to worry about running out of money to pay pensions to retirees in government agencies and institutions.

This is because the pension insurance system for government agencies and institutions has just been established. Before its establishment, pensions were borne by finance at all levels and were paid directly to retirees from fiscal funds.

After the establishment of the pension insurance system for government agencies and institutions, although the pensions are paid out of the pension insurance fund, the money in the pension insurance fund also comes from the pension insurance premiums paid by each unit with fiscal funds.

If there is any shortage, it will be supplemented by fiscal funds to ensure that retirees' pensions are paid out in full and on time.