Is there a "deficit" in pension funds?

The answer is no!

A communiqué issued by the Ministry of Human Resources and Social Security on the 30th showed that the income of five social insurance (including basic pension insurance for urban and rural residents) funds exceeded expenditures throughout 2015. The cumulative balance of basic pension insurance funds at the end of 2015 was 3.9937 billion yuan.

In addition, the Ministry of Human Resources and Social Security also disclosed for the first time in the communique that the total number of civil servants nationwide is 7.167 million.

Pension balance exceeds 3.9 trillion yuan. On May 30, the Ministry of Human Resources and Social Security released the "Statistical Bulletin on the Development of Human Resources and Social Security in 2015", which revealed that the total fund income of the five social insurances (including the basic pension insurance for urban and rural residents) for the whole year was 46,012

billion, an increase of 618.4 billion yuan over the previous year, an increase of 15.5%.

Fund expenditures totaled 3,898.8 billion yuan, an increase of 598.5 billion yuan or 18.1% over the previous year.

Pensions, which everyone is particularly concerned about, are not in deficit.

The communiqué shows that the annual basic pension insurance fund income was 3.2195 billion yuan, and the annual basic pension insurance fund expenditure was 2.7929 billion yuan.

The cumulative balance of the basic pension insurance fund at the end of the year was 3,993.7 billion yuan.

Although pensions are generally "not bad", it should also be noted that the increase in pension expenditures is higher than the increase in income.

The communiqué shows that the annual basic pension insurance fund income increased by 16.6% over the previous year, and fund expenditure increased by 19.7% over the previous year.

The increase in fund expenditures has a certain relationship with the increase in pension benefits.

A reporter from China News Network noticed that starting from January 1, 2015, the basic pension for enterprise retirees will be increased by another 10%.

Data released by the Ministry of Human Resources and Social Security at the beginning of this year showed that the basic pension was adjusted for 79.74 million corporate retirees across the country last year. The adjusted basic pension per capita exceeded 2,200 yuan per month.

The revenue of the five social security funds is greater than the expenditure. After reviewing the communiqué, it can be found that not only the revenue of the five social security funds is greater than the expenditure in general, but also the revenue of each social security fund is greater than the expenditure.

Specifically, the annual basic pension insurance fund income was 3,219.5 billion yuan, with an expenditure of 2,792.9 billion yuan; the urban basic medical insurance fund had a total income of 1,119.3 billion yuan, with an expenditure of 931.2 billion yuan; the unemployment insurance fund income for the year was 136.8 billion yuan, with an expenditure of 7.36 billion yuan.

billion; the annual income of the work-related injury insurance fund was 75.4 billion yuan, and the expenditure was 59.9 billion yuan; the annual income of the maternity insurance fund was 50.2 billion yuan, and the expenditure was 41.1 billion yuan.

Among them, the income growth rate of medical, work-related injury and maternity insurance funds is higher than the expenditure growth rate.

The communiqué shows that the annual urban basic medical insurance fund income and expenditure increased by 15.5% and 14.5% respectively over the previous year; the work-related injury insurance fund income and expenditure increased by 8.6% and 6.8% respectively over the previous year; the maternity insurance fund income and expenditure increased by 15.5% and 14.5% respectively over the previous year.

Annual growth is 12.5% ??and 11.8%.

Taking the medical insurance fund as an example, Huang Huabo, deputy director of the Social Insurance Management Center of the Ministry of Human Resources and Social Security, recently told a reporter from China News Service that thanks to medical reform and management progress, the operation of medical insurance funds has generally been improving in the past two years, reversing the expenditures in previous years.

Much higher than the income situation.

However, in the long run, the aging population continues to accelerate, and the medical expenses for the elderly are relatively high. In addition, as the level of medical security gradually improves, the gap between residents’ medical insurance benefits and employees’ benefits narrows.

To "dare to see a doctor and afford it", the release of medical demand will inevitably lead to a rapid increase in medical insurance fund expenditures. Therefore, we must "race" against pressure and control unreasonable expenses to maintain the balance of the fund.

Last year, the pension deficit exceeded 300 billion, and the increase in social security fund income could not keep up with the increase in expenditure. This has become the "new normal" for the current operation of social security funds.

The 2015 national social insurance fund budget shows that after excluding financial subsidies, the "deficit" of pension insurance will exceed 300 billion yuan in 2015, which is much higher than the "deficit" of 156.3 billion yuan in 2014.

According to China's first annual social security development report released by the Ministry of Human Resources and Social Security last year, Heilongjiang had an overdraft of 10.5 billion yuan in urban enterprise employee pensions in 2014, and Heilongjiang's cumulative balance of this social security fund was only 27 billion yuan.

Su Hainan, vice president of the China Labor Society, believes that taking pension insurance as an example, it shows the characteristics of "small total amount, slow growth, and large expenditures."

Su Hainan said that currently, in some places, social insurance coverage is not fully covered and collection work is not in place, so social insurance premiums are not paid in full.

At the same time, the number of retirees is increasing and pension expenditures are accelerating.

The relevant person in charge of the Ministry of Human Resources and Social Security said that as the aging population becomes more and more serious, in recent years, the growth rate of pension insurance and medical insurance income has been lower than the growth rate of expenditure.

So, how to resolve this situation in the future?

Regarding this issue, Li Zhong, spokesperson of the Ministry of Human Resources and Social Security, said that it will increase efforts to expand coverage, consolidate the payment base, and improve the ability to participate in insurance premiums.

In the future, we will also implement national co-ordination of basic pension insurance, implement a progressive policy of delaying the retirement age, strengthen the investment operation of pension insurance funds, and further improve personal accounts of pension insurance.

Through such a series of combination policies, we can broaden the channels for raising funds and enhance the fund's own ability to balance payments.

The communique revealed that the total number of civil servants: 7.167 million. The communiqué also revealed that as of the end of 2015, there were 7.167 million civil servants nationwide.