How to modify the retirement age?

The plan of the Ministry of Human Resources and Social Security has not been made public for several years. It will be publicly solicited for opinions in 2018 at the earliest. It will be revised and improved again in 2019 and then promulgated. It will not be implemented until at least 5 years (2024) after the promulgation.

Oppose too rapid adjustments and sudden attacks.

Suggestion 1: Starting from 2024, the age limit for those who retire at the original age of 50 will increase by one year every four years, and the age limit for those who retire at the original age of 55 will increase by one age every eight years.

Original 50 years old in 2024 Original 55 years old 2028 51 years old 2032 52 years old 56 years old 2036 53 years old 2040 54 years old 57 years old 2044 55 years old 2048 56 years old 58 years old 2052 57 years old 2056 58 years old 59 years old 2060

The retirement age will be 59 years old, 60 years old in 2064, and 60 years old in 2064, and then decide whether to adjust the retirement age based on the national financial resources and social security fund accumulation.

Countermeasures to the empty social security account in the short term: In 2017, the State Council issued a policy to transfer 10% of the equity of central enterprises and other state-owned enterprises to social security funds to enhance the strength of social security funds.

(Reference: In 2016, the total profit of 102 central enterprises was 1.2 trillion yuan, and 10% accounted for 120 billion yuan.) It is recommended to take more measures, such as: A: The number of civil servants and administrative expenditures will be reduced by 2% every year (with the level of government management

The mainland's population will start to decrease in a few years, and it is no longer necessary to retain tens of millions of civil servants).

B: Any surplus in fiscal funds in each locality for the current year will be turned over, and the absurd behavior of spending trillions of dollars in annual surprises will be severely punished.

C: The tax funds allocated to social security funds will increase by 2% every year to further improve the strength of social security.

Don't blindly raise the retirement age and let people pay contributions for forty years (from 20 to 60 years old or even higher) and only receive pensions for a few years before they die.

Recommendation 2: Establish a flexible (elastic) retirement system.

Refer to Article 88 of the Civil Servant Law and extend it to all people.

Civil servants who meet one of the following conditions may apply for early retirement: (1) Those who have worked for 30 years or more; (2) They are less than 5 years away from the retirement age stipulated by the state and have worked for 20 years or more.

It is recommended that policies allow flexible retirement for all people.

For laid-off, unemployed or sick employees, early retirement should be allowed.

Recommendation 3: Unify the various types of pension insurance (civil servants, public institutions, enterprise employees, urban and rural residents, military pension insurance, etc.) into "citizen pension insurance". The benefits should be as fair as possible with minimum guarantees and caps. For example, the minimum benefit should not be lower than

60% of the local minimum wage (Fujian already had this policy in 2010), and the maximum cannot be higher than 2 times the local average wage.