The number of 60-year-olds will exceed 400 million in 2035. Will pensions be exhausted and stopped?

The National Health Commission issued a notice that by around 2035, the number of elderly people over 60 years old in my country will exceed 400 million.

It can be said that this is a very large population, and our country will also enter a stage of deep aging.

Judging from the dependency ratio of social security, if the dependency ratio of the population further declines, the pressure on social security funds will further increase.

So a question that many people are worried about is that if the number of retired elderly people becomes more and more, will the pension be exhausted and stopped in the future?

In fact, this is not the first time this has been emphasized. As early as 2020, an actuarial report on China's pensions was released.

It is clearly stated in this report that if the current pension payment method continues, the balance of our national social security fund may be exhausted by around 2035.

There will be no way to provide pensions to retired people again.

After we saw this announcement from the National Health Commission, the number of retired elderly people is increasing. Will such a situation occur in the future?

Many people are still quite worried.

So let’s analyze it in detail.

In addition, there are ongoing allocations of operating profits of intermediate state-owned enterprises.

The operating profits of intermediate state-owned enterprises are allocated based on the standard of trillions.

In this way, we have effectively consolidated the balance of our social security fund and laid an important foundation for retired employees to pay pensions in full and on time.

Starting from this year, the national pension insurance will be integrated, which means that the national social security is a game of chess. Although some provinces have difficulty in making ends meet, this situation will change after the completion of national social security co-ordination.

This is also an important measure that can effectively ensure the normal payment of pensions to our retired employees.

Will the pension balance really be depleted in 2035?

I think this possibility is extremely small.

Because in addition to the above measures, the more important thing is to delay retirement, if delayed retirement comes.

This means that our retired elderly population will be directly transformed into a working-age population in the future.

This will directly reduce everyone's social security pension receipts and increase the number of people paying social security.

Therefore, this measure is completely conducive to reducing the payment pressure and vacancies of everyone's social security funds, and can effectively and steadily distribute pension benefits in the long term.