The 2024 pension reform plan refers to a series of reform measures for my country’s current pension system.

This reform aims to increase the level of pension payment, protect the basic living needs of retirees, and promote the sustainable development of the social security system.

1. Reform background and goals As my country’s population ages, the sustainability of the pension system faces huge challenges.

While the current pension system protects the basic life of retirees, it also exposes some problems, such as low pension levels and increased pension payment pressure.

The 2024 pension reform plan came into being, aiming to improve the pension system through reform, improve the level of pension payment, and ensure the quality of life of retirees.

2. Reform content 1. Increase the pension level: By increasing the pension base, increasing the payment ratio, etc., gradually increase the level of pension payment, so that retirees can share the fruits of economic and social development.

2. Improve the pension adjustment mechanism: Establish a more scientific and reasonable pension adjustment mechanism, and adjust pension levels in a timely manner based on factors such as price levels and economic development to ensure that the purchasing power of retirees is not reduced.

3. Promote the construction of a multi-level pension insurance system: Encourage and support enterprises and individuals to participate in the multi-level pension insurance system, form a pension insurance pattern in which the government, enterprises, and individuals share equally, and improve the coverage and security level of pension insurance.

4. Strengthen the supervision of pension insurance funds: Establish and improve the supervision system of pension insurance funds, strengthen the supervision and audit of fund operations, and ensure the safe and effective operation of funds.

3. Reform Impact The implementation of the 2024 pension reform plan will have a positive impact on retirees, enterprises and the entire society.

Retirees will receive higher pensions and their quality of life will be improved; enterprises can reduce the burden of pension insurance by participating in a multi-level pension insurance system; the entire society will form a more equitable and sustainable pension insurance system, providing strong support for economic and social development

Assure.

To sum up: the 2024 pension reform plan is an important part of the reform of my country's social security system. It aims to improve the level of pension payment, protect the basic living needs of retirees, and promote the sustainable development of the social security system.

The reform includes increasing pension levels, improving the pension adjustment mechanism, promoting the construction of a multi-level pension insurance system, and strengthening the supervision of pension insurance funds.

After the implementation of the reform, it will have a positive impact on retirees, enterprises and the entire society, and promote the construction of a more equitable and sustainable pension insurance system.

Legal basis: Article 16 of the "Social Insurance Law of the People's Republic of China" stipulates: Individuals participating in basic pension insurance who have made cumulative contributions for fifteen years when reaching the statutory retirement age will receive a basic pension on a monthly basis.

If an individual participating in the basic pension insurance dies due to illness or non-work-related disability, his or her surviving family members may receive funeral benefits and pensions; if an individual who has completely lost the ability to work due to illness or non-work-related disability before reaching the statutory retirement age may receive

Sickness allowance.

The required funds are paid from the basic pension insurance fund.

Article 18 of the "Social Insurance Law of the People's Republic of China" stipulates: The state establishes a normal adjustment mechanism for basic pensions.

Based on the growth of average wages of employees and rising prices, the level of basic pension insurance benefits will be increased in a timely manner.

These legal provisions provide a legal basis for the implementation of the 2024 pension reform plan, ensure that reform measures are steadily advanced on the track of the rule of law, and protect the legitimate rights and interests of retirees.