In some places, there is a problem that pensions cannot be paid in the current period. The relevant departments have taken the following measures:
The first is to expand the scale of central adjustment. Since 20 18, China has established a central adjustment system for endowment insurance funds to balance the fund burden among regions. This year, the scale of the central adjustment fund reached 930 billion yuan, and the central and western regions and old industrial base provinces benefited more than 21500 million yuan, which relieved the pressure of revenue and expenditure in difficult areas to some extent.
The second is to steadily and orderly promote national overall planning. On the basis of the overall completion of the basic old-age insurance at the provincial level, we will steadily and orderly promote national overall planning, improve the responsibility sharing mechanism of central and local old-age insurance, clarify the payment responsibility of financial old-age insurance at all levels, and continuously enhance the sustainability of the system.
The third is to reasonably determine the level of treatment. We will improve the financing and treatment adjustment mechanism of basic old-age insurance, comprehensively consider factors such as price and wage growth, and reasonably determine the adjustment level of pension treatment, so that hundreds of millions of people can feel safe.
There is a great possibility that pensions will continue to rise next year:
First of all, the law guarantees that pensions will be raised.
According to Article 18 of the Social Insurance Law, the state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner. Prices and wages are the core factors that determine whether the pension will be raised or not.
According to the data of the National Bureau of Statistics, in the first half of 20021,the consumer price (CPI) rose by 0.5% year-on-year, showing a moderate upward trend. But in any case, rising prices will lead to a decline in the purchasing power of money and an increase in the cost of living for retired people. In order to maintain the current quality of life of the elderly, the pension level should be raised.
In terms of income, the per capita disposable income of the national residents in the first half of the year was 17642 yuan, a nominal increase of 12.6% year-on-year. After deducting the price factor, the actual growth was 12%, and the per capita income level was greatly improved. On the one hand, it means that the social security payment base is increased and the pension fund account is more abundant; On the other hand, retirees are also workers who have made great contributions to economic construction, and their income level should be adjusted synchronously with the working workers.
Second, China's economic recovery is in good shape.
In the development plan for the next five years, Ministry of Human Resources and Social Security mentioned that it is necessary to promote the linkage adjustment between social insurance benefits and economic and social development, and comprehensively consider factors such as price changes, average wage growth of employees, fund affordability, and financial situation.
Among them, the financial situation is related to the economic growth rate of China. According to the data released by the National Bureau of Statistics, the GDP of China increased by 18.3% in the first quarter of this year, 7.9% in the second quarter and 12.7% in the first half of this year. China's economy has steadily picked up, and the central government's ability to pay has increased, which is conducive to ensuring a sustained increase in pensions.
The above contents refer to China Net-Ministry of Finance: By the end of 2020, the accumulated balance of China's pension insurance fund will be 4.5 trillion yuan.