As we all know, China's pension has achieved a sustained growth of 18, but due to the impact of the epidemic in the past two years, the increase is not large, only about 4%. So many people worry that pensions will remain unchanged in 2023. Don't worry, there are four related "good news". Let's take a look.
First, the social security fund can't make ends meet.
China's old-age insurance system was perfected at the end of last century, and it has only been 2 or 30 years since it was fully implemented. As a result, the groups paying endowment insurance in China are different from those receiving pension.
Young people in modern society pay pensions for the elderly. At the same time, when today's young people are aging, there will be a new generation of young people to provide them with old-age support.
It is precisely because of this pension model that many people worry that the social insurance fund collected in China is not enough to support the pension payment of all the elderly at present. However, the latest data released by Ministry of Human Resources and Social Security not long ago clearly dispelled many people's worries.
According to the latest data from Ministry of Human Resources and Social Security, official website, in the first three quarters of 20021,the total social security income was about trillion, and the total expenditure was about trillion. Income exceeds expenditure, and the social security fund has a total balance of about one trillion yuan, and the social security fund is running well.
Second, the number of participants has risen steadily.
The more people pay the endowment insurance, the total amount of pension will gradually increase, which will be more conducive to the distribution of pension in the future. Even though the current population growth rate in China is slow, and there is even the risk of entering an aging society, the number of people paying old-age insurance is still increasing steadily.
In the first three quarters of 2002 1, the number of people participating in endowment insurance in China has reached1100 million. Except for some old people and babies, most people are paying this insurance. Obviously, old-age insurance is still the first choice for many people's old-age security.
Once China enters an aging society, it means that the number of insured persons will decrease and the number of people enjoying insurance will increase, which will bring difficulties to the allocation of funds. But at present, China's social security fund is running well, which is enough to prove that this kind of worry is obviously a bit alarmist.
Third, the scale of socialized investment in endowment insurance has increased.
Since the pension system was basically sound in 1990s, the pension funds in China have generated a certain surplus. Imagine, when the funds are abundant, will you just put them in the bank account?
As early as 199 1, the General Office of the State Council issued relevant requirements, making it clear that the accumulation fund of basic old-age insurance for enterprise employees can be used to purchase government bonds. Since then, the socialized investment of China's endowment insurance fund has been officially launched.
On 20 15, the General Office of the State Council issued the latest Regulations on the Management of Investment Funds of Basic Endowment Insurance again, which clarified the basic standards for socialized investment of endowment insurance. Since then, the scale of socialized investment in endowment insurance has been expanding.
Only 202 1, the income of socialized investment in endowment insurance has exceeded 63 1 100 million, and this trend has an obvious upward trend. The increase of socialized pension investment, which is equally distributed to every retired worker, is a considerable extra income.
Fourth, the overall planning of endowment insurance.
In terms of economic development, there are obvious regional differences in China. The level of economic development in the southeast coastal areas is relatively high, while that in the northwest inland areas is relatively average. But you know what? In order to coordinate the economic development of various provinces, the state has formulated a corresponding fiscal balance system.
For example, since the 1990s, our government has implemented a relatively comprehensive transfer payment system nationwide. Specifically, developed provinces subsidize backward provinces, and the key projects are education, medical care, workers and peasants, and old-age care.
In the first three quarters of 2022, China's endowment insurance fund has reached 2 104 billion, and the cost of this overall fund is more in developed provinces than in backward provinces. At that time, the central government will use this money to issue and adjust old-age insurance. Even if you live in a backward province, you will eventually get a pension that is not much less than that of people in developed provinces.
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In a word, China government still attaches great importance to the old-age insurance system, and has formulated a series of rules and regulations that will help the old-age insurance system run smoothly. According to the current trend, pensions will probably increase in 2023. The key lies in the extent of the increase, whether to continue to maintain this year's 4% or greatly increase.