The basic old-age insurance system for enterprise employees in China has gradually achieved provincial overall planning. Although the accumulated balance of China's endowment insurance fund is 41400 million yuan, nearly two-thirds of it is concentrated in a few provinces in the eastern region, while some provinces such as Liaoning and Heilongjiang are under great operating pressure, and the current income cannot meet the expenditure.

Therefore, it is necessary to improve the level of overall planning and make overall plans for funds nationwide. Establishing the central adjustment system of endowment insurance fund is the first step to realize the national overall planning of endowment insurance.

In the initial stage, the number of people who should be insured is temporarily approved according to the average number of employed people and the number of insured people. With the promotion of universal enrollment registration, the number of employees who should be insured can be gradually transferred to the data of universal enrollment plan covering the permanent population for verification.

Extended data:

The main content of establishing the central adjustment system of endowment insurance fund is to establish the central adjustment fund of endowment insurance on the basis of the current provincial overall planning of basic endowment insurance for enterprise employees, and make appropriate adjustments to the endowment insurance funds in each province to ensure the timely and full payment of basic pensions.

First, the central adjustment fund consists of funds from provincial endowment insurance funds. According to 90% of the average wage of employees in each province and the number of employees who should be insured on the job as the base, the settlement ratio will gradually increase from 3%.

Second, the central adjustment fund will be allocated to local governments according to the per capita quota allocation method.

Third, the central adjustment fund is included in the financial special account of the central social security fund, and the management of revenue and expenditure is carried out separately, which is earmarked for special purposes and may not be used to balance the financial budget.

People's Network-Establish a central adjustment system for the basic old-age insurance fund for enterprise employees