Retirees’ pensions will rise for 16 consecutive years, and many specific plans are being brewed.

　　At the beginning of 2020, a new round of pension increase window was reopened. The "Economic Information Daily" reporter was informed that retirees’ pensions will usher in 16 consecutive rises, and urban and rural residents’ pensions are expected to continue to increase. Many places are already planning specific plans. At the same time, the reform of the old-age insurance system in 2020 also ushered in a crucial year, and new breakthroughs were made in the construction of a multi-level old-age insurance system, and a number of heavy measures were ready to go.

　　It is reported that the reform of the basic old-age insurance system is in full swing, and the reasonable adjustment mechanism of pensions and the management measures for occupational annuity investment may be accelerated. In 2020, the proportion of central adjustment of pension insurance funds will continue to be raised, and the provincial-level pension planning and urban and rural residents’ pension investment will be fully closed, which is the "third pillar" that has attracted much attention — — The personal pension system has entered a period of full strength.

　　Following the 5% increase in pensions for retirees in China in 2019, the pensions for retirees of urban enterprises, government agencies and institutions will usher in 16 consecutive increases in 2020, and the pension increase plan is already brewing, or will be accelerated in the near future.

　　The pension adjustment plan for urban and rural residents is also brewing. Guangdong, Inner Mongolia and other places gradually released plans and officially implemented this month. For example, in 2020, Guangdong Province will increase the basic pension of 3 yuan every month for those who have paid for more than 15 years; For the elderly insured who have reached the age of 65 and above, the basic pension will be appropriately added every month. At the same time, the original individual payment grade will be adjusted to nine grades between 180 yuan and 4,800 yuan per year. In Inner Mongolia, the basic old-age insurance payment standard for urban and rural residents is adjusted to 12 grades ranging from 200 yuan to 7,000 yuan. The government subsidies for various payment levels are also clearly defined, with 3,000 yuan for 90 yuan, 5,000 yuan for 95 yuan and 7,000 yuan for 100 yuan.

　　Zhu Xiaoyu, the Social Development Research Center of the Chinese Academy of Fiscal Science of the Ministry of Finance, told the Economic Information Daily that the Fourth Plenary Session of the 19th Central Committee explicitly called for a steady increase in the level of basic old-age insurance. In 2020, the level of basic old-age insurance benefits for urban workers will continue to increase, and the adjustment method will consider combining the inclusive adjustment of "quick march" with the key tilt adjustment of "sorting". In addition, the public finance will increase the pension benefits subsidies for urban and rural residents to further narrow the gap in the treatment level under the dual pension insurance system.

　　Wang Dehua, a researcher at the Institute of Finance and Economics, China Academy of Social Sciences, pointed out that with the improvement of financial subsidy standards and the encouragement of paying more in policies, the pension insurance benefits for urban and rural residents in China will continue to improve as a whole. In addition, the current financial subsidies are mainly based on the local financial situation, and the standards and principles will be further clarified in the future.

　　The reporter was informed that in order to ensure the steady improvement of pension benefits, the reform of the pension insurance system in 2020 is expected to usher in a new breakthrough. "2020 is a crucial year for the reform of the old-age insurance system, and the effect of social security fee reduction has begun to appear. The provincial-level overall planning system for old-age insurance will be fully established nationwide. The central adjustment system continued to increase. At the same time, ‘ Thirteenth Five-Year Plan ’ At the closing time, social security will basically achieve full coverage, ‘ Fourteenth Five-Year Plan ’ The goal will be finalized. " Fang Lianquan, secretary general of the World Social Security Research Center of China Academy of Social Sciences, said.

　　Fu Jinling, director of the Social Security Department of the Ministry of Finance, revealed a few days ago that according to the requirements of the Central Committee of the Communist Party of China and the State Council, relevant departments are currently studying, reforming and perfecting the basic old-age insurance system.

　　Regarding the key point of reforming and improving the basic old-age insurance system, Jin Weigang, president of the Chinese Academy of Labor and Social Security, said that China will accelerate the national overall planning of basic old-age insurance funds, and the proportion of central adjustment of old-age insurance funds will be increased from 3% in 2018 to 3.5% in 2019, and the proportion of central adjustment of old-age insurance funds will be further increased in 2020. In addition, we will comprehensively promote the reform of the endowment insurance system in government agencies and institutions, achieve a smooth convergence of pension benefits before and after the reform, and introduce investment management measures for occupational annuities as soon as possible. Improve the employee pension insurance personal account system.

　　"We should also step up the establishment of a reasonable pension adjustment mechanism. It is necessary to ensure that the basic life of retirees is guaranteed and steadily improved, and the fruits of economic development can be properly shared, and the adjustment of treatment should be controlled within the range that funds and finances can bear. " Jin Weigang said.

　　As an important transition of national overall planning of endowment insurance, provincial overall planning is accelerating. By the end of last year, 13 provinces had achieved provincial-level unified collection and expenditure of funds. Shandong, Anhui, Guangxi and Shanxi have recently announced that the provincial-level co-ordination system of basic old-age insurance for enterprise employees will be formally implemented from January 1, 2020.

　　In addition, in terms of maintaining and increasing the value of the endowment insurance fund, the entrusted investment of the basic endowment insurance fund for urban and rural residents will be fully implemented by the end of 2020. The "two pillars" and "three pillars" of old-age insurance will also accelerate the breakthrough.

　　Jin Weigang pointed out that after the urban workers’ basic pension has achieved national overall planning and implemented the investment and operation of the basic old-age insurance fund, with the rapid expansion of the basic old-age insurance fund for urban workers nationwide, the fund adjustment and anti-risk ability have been enhanced, the basic old-age insurance premium rate paid by enterprises can be appropriately reduced in a timely manner, and more enterprises can be guided and encouraged to establish enterprise annuities through policy support. At the same time, by effectively increasing tax incentives to promote the development of the "third pillar", that is, the individual pension system.

　　Zhu Xiaoyu also said that with the acceleration of China’s aging population, the construction of a multi-level social security system is making full efforts, and the development of the second and third pillars will gradually usher in a policy dividend period. At present, the top-level design of the third pillar system is advancing.

　　The relevant person in charge of China Banking and Insurance Regulatory Commission recently said at the routine briefing of the State Council policy that in promoting the development of commercial insurance in the social field, it will improve the personal tax deferred commercial endowment insurance policy and support the development of the third pillar of endowment insurance. The Guiding Opinions of China Banking and Insurance Regulatory Commission, China on Promoting the High-quality Development of Banking and Insurance Industry also proposes to "vigorously develop enterprise annuities, occupational annuities, various health and old-age insurance businesses" and "strengthen the construction of the third pillar of old-age insurance".

　　"China’s pension insurance system reform has been on the road. The well-off society will be completed in an all-round way soon, and the social security system will also enter a new stage of development in which the institutional structure is basically finalized and more mature and perfect. At ‘ All insurance should be guaranteed ’ After the goal is basically achieved, promoting overall planning, ensuring fairness and sustainability will become the focus of system improvement. " Zhu Xiaoyu said. (Reporter Ban Juanjuan)