● Starting from May 1 this year, relevant measures to reduce social security fees have been officially implemented.

Among them, provinces where the unit payment ratio of the basic pension insurance for urban employees (including pension insurance for enterprises and government institutions) is higher than 16% can be reduced to 16%. After the social security fee is reduced, can the pensions received be still guaranteed?

The government work report made it clear that the basic pension for retirees will continue to be moderately increased this year.

Since the basic pension for retirees began to be increased in 2005, the pension for retirees has been rising for 15 consecutive years, which has played an important role in improving the lives of corporate retirees and promoting social equity.

● At present, our country has formulated a series of active, comprehensive, and scientific response measures, which can fully ensure that pensions are paid in full and on time in the long term.

The pension benefit adjustment mechanism ultimately needs to be incorporated into the Social Insurance Law or relevant regulations to ensure that benefit adjustments are legalized and stabilize the expectations of retirees.

Social security fees are related to the burden of enterprises and the vital interests of the public.

According to the deployment of the "Comprehensive Plan for Reducing Social Security Premium Rates" (hereinafter referred to as the "Plan") issued by the General Office of the State Council, relevant measures to reduce social security premiums will be officially implemented starting from May 1 this year.

It is reported that this adjustment not only reduces the unit payment ratio of the basic pension insurance for urban employees (including the basic pension insurance for enterprises and government institutions, hereinafter referred to as pension insurance), but also proposes to adjust the social security payment base and accelerate the provincial co-ordination of pension insurance.

As well as a number of policies such as increasing the central adjustment ratio of pension insurance funds.

Official data shows that once the "Plan" is implemented, it is expected to reduce the social security payment burden by more than 300 billion yuan in 2019.

Why is reducing pension insurance premiums a key measure?

Will pension growth slow down in the future?

Will the basic pension insurance fund deplete the accumulated balance?

Will the pension benefit adjustment mechanism be legalized?

In response to the four major focus issues that have attracted widespread public attention after the official implementation of this social security fee reduction, reporters from "Legal Daily" interviewed industry experts.

The reduction in pension insurance rates has a significant burden-reducing effect on enterprises. Since 2015, my country has reduced or phased in social insurance rates five times, involving basic pension insurance, unemployment insurance, work-related injury insurance and maternity insurance for enterprise employees.

According to official data, it is expected that the implementation of the current phased rate reduction policy from 2015 to April 30 this year will reduce the social security payment burden of enterprises by nearly 500 billion yuan.

In November last year, the State Council issued the "Several Opinions on Promoting Employment in the Current and Future Periods", which introduced targeted policies in supporting the stable development of enterprises, encouraging employment and entrepreneurship, actively implementing training, and providing timely assistance to laid-off and unemployed people.

measures to promote employment, including linking rate cuts with stabilizing employment.

Since January this year, ministries and commissions have publicly stated on many occasions that they will reduce social insurance rates: On January 11, Finance Minister Liu Kun said in an interview with the media that he is actively studying and formulating a comprehensive plan to reduce social insurance rates that has attracted much market attention.

Plan to further reduce the social insurance payment burden on enterprises.

On January 13, Zhang Jinan, Minister of the Ministry of Human Resources and Social Security, said that he would work with relevant departments to speed up research on the implementation plan for enterprises to reduce social insurance rates.

On January 15, Assistant Minister of Finance Xu Hongcai said at a press conference held by the State Council Information Office on implementing the spirit of the Central Economic Work Conference that the Ministry of Finance, in cooperation with relevant departments, is actively studying and formulating a comprehensive plan to reduce social insurance premiums to further reduce the burden of enterprises.

Social insurance payment burden.

At the same time, we will clean up and standardize fees and intensify the investigation and punishment of arbitrary fees.

Compared with the past, the social security fee reduction proposed in this year's "Plan" is obviously larger.

You Jun, Vice Minister of the Ministry of Human Resources and Social Security, explained at the State Council’s regular policy briefing on April 4 this year that the “Plan” introduced this time mainly includes two measures to directly reduce social insurance rates: First, reduce pensions

Insurance unit payment ratio.

Starting from May 1, provinces where the unit payment ratio of the basic pension insurance for urban employees (including pension insurance for enterprises and government institutions) is higher than 16% can be reduced to 16%.

Second, the current policy of phased reduction of unemployment insurance and work-related injury insurance premium rates has been extended for one year to April 30, 2020, which means that unemployment insurance will continue to implement a total rate of 1%, and the work-related injury insurance premium rate will continue to be based on local regulations.

The extent of the reduction will be determined based on the accumulated balance of the fund.

According to You Jun, among these two measures, the key measure is that the unit payment ratio of pension insurance has been reduced significantly, and enterprises are very concerned about this.

"The issue of fee reduction has long been discussed. In the past, the system implemented a nominal fee rate. We once made a calculation and found that the actual payment rate is quite different among provinces. A basic conclusion is that the economy is relatively developed.

The lower the local rate is, the higher the rate is in economically underdeveloped areas. Based on the comprehensive salary and fund income, the national average is about 16%. This is a basic judgment. "Professor of Renmin University of China.

Han Keqing analyzed this to a reporter from Legal Daily.