Recently, the Social Security Administration Center of the Ministry of Human Resources and Social Security released the "China Social Security Annual Development Report 2016".

According to the full text of the report obtained, in 2016, the total revenue and expenditure of urban employee pension insurance funds reached 6,691.2 billion yuan, an increase of 1,175.8 billion yuan or 21.3% over the previous year. The total revenue of the urban employee pension insurance fund was 3,505.8 billion yuan, an increase of 571.7 billion yuan, or 19.5% over the previous year; the total fund expenditure was 3,185.4 billion yuan, an increase of 604.1 billion yuan, or 23.4% over the previous year. The increase in expenses is greater than the increase in income.

Looking at the situation in various regions, the cumulative balance of pension insurance funds in 13 statistical regions has less than one year of payable months, while the cumulative balance in Heilongjiang Province has become negative, with a deficit of 23.2 billion yuan.

Heilongjiang’s pension insurance deficit exceeds 20 billion

The report details the income and expenditure of pension insurance funds in 31 provinces, municipalities, autonomous regions and the Xinjiang Production and Construction Corps. Based on statistical analysis of cumulative balances and monthly payments, the number of payable months of pension insurance funds in each region was ranked.

Among them, Guangdong Province, which ranks first, can pay for 55.7 months. The number of payable months in 13 regions including Guangxi, Jiangxi, Hainan, Inner Mongolia, Hubei, Shaanxi, Tianjin, Hebei, Liaoning, Jilin, Qinghai, Xinjiang Production and Construction Corps and Heilongjiang is less than one year.

Guangdong Province also has the largest cumulative pension balance, with a balance of 725.8 billion yuan; followed by Beijing City, with a balance of 352.4 billion yuan. It is worth noting that the cumulative balance of the urban enterprise employee pension insurance fund in Heilongjiang Province has reached "-23.2 billion yuan."

Due to the shortage of pension insurance funds, pension payments in Heilongjiang Province rely heavily on fiscal expenditures. The 2016 budget implementation announced by the Heilongjiang Provincial Department of Finance shows that expenditures on social security and employment reached 3.24 billion yuan.

In addition, the province’s 2016 fiscal final accounts show that the central government’s transfer payments to Heilongjiang Province totaled 267.4 billion yuan, and nearly 20% of this money was used for social security expenditures, such as the province’s basic pension insurance and The income from transfer payments such as subsistence allowances was 33.69 billion yuan, the income from transfer payments from medical insurance for urban and rural residents was 4.97 billion yuan, and the income from social security and employment was 12.249 billion yuan.

Why is Heilongjiang’s pension insurance in such a “critical situation”? According to the National Statistical Yearbook, the number of enterprise retirees in Heilongjiang Province increased from 2.688 million in 2010 to 4.57 million in 2016. On the one hand, there is an increase in the number of retirees, and on the other hand, there is a loss of social security insured persons. According to the sixth national census data in 2010, the net out-migration population in Heilongjiang Province reached 3.225 million, with the largest number of out-migration people aged 30-39 accounting for 32.6%.

The pension insurance dependency ratio in 9 regions is less than 2

Judging from annual social security fund data, from 2012 to 2016, my country's five social security funds have experienced five consecutive years of expenditure growth exceeding Increase in revenue.

Behind the increase in expenditures is the acceleration of my country’s population aging. The report shows that the national basic pension insurance dependency ratio for urban employees (that is, the ratio of the number of insured employees to the number of people receiving pension insurance benefits) has increased from 2011 to 2011. 3.16 dropped to 2.8 in 2016.

The dependency ratio in nine statistical regions, including Hubei, Gansu, Sichuan, Chongqing, Liaoning, Inner Mongolia, Xinjiang Production and Construction Corps, Jilin, and Heilongjiang, has dropped below 2. Heilongjiang has the lowest dependency ratio, which is 1.3.

Jia Jiang, deputy director of the Pension Insurance Department of the Ministry of Human Resources and Social Security, said that by the end of 2016, my country’s population over 60 years old had reached 230 million, accounting for 16.7% of the total population, and the population over 65 years old had reached 150 million. , accounting for 10.8%. It is predicted that the pension insurance dependency ratio will drop from the current 2.8 to 4.3 in 2050. In other words, by 2050, an average of 1.3 insured persons will support one elderly person.