The balance of social insurance fund means that income and expenditure are roughly equal (if inflation is considered, there should be a slight balance after deduction), which should be a dynamic balance. In order to offset the inflation factor, the part of the reserves collected by the social security fund but not paid for the time being should be invested without risk in order to preserve and increase the value of the income.
China's social insurance fund implements two lines of revenue and expenditure. Due to the late start of social insurance and imperfect policies, state-owned enterprises originally paid less for social insurance, but paid more after retirement. In addition, there are a large number of deemed contributions before the actual payment of social security fees, which makes the income base of social security funds relatively weak. Although the gap between income and expenditure was made up by the great improvement of social security coverage and the staged demographic dividend-because there are far more active payers than retirees now (even a slight surplus of 1000 billion), it seems that income and expenditure are balanced; However, with the gradual decline of the demographic dividend, the problem of social aging has become increasingly prominent, and the crisis under this balanced appearance has gradually surfaced. If all employees retire and receive pensions, the pension problem brought by our 4-2- 1 inverted pyramid family structure will be highlighted, and its funding gap is self-evident!
Therefore, whether it is the two-child policy alone or the policy of extending the retirement period, it has more or less alleviated the pressure on some social security fund gaps.
I hope that the state can formulate a more perfect social security policy, collect and make good use of China's pension, realize the balance of social insurance funds as soon as possible, and truly embody the social assistance such as "killing the rich and helping the poor"!