China's Ministry of Finance: Pensions are guaranteed on time and in full
China News Service, Beijing, February 22 (Reporter Zhao Jianhua) Chinese Minister of Finance Liu Kun said in Beijing on the 22nd that pensions for retirees, no matter where they are, in which province, which city or county, can be guaranteed in a timely manner and in full. issued.
At the press conference held by the State Council Information Office that day, a reporter asked that due to the impact of the epidemic, some local pensions have gaps.
When answering questions, Liu Kun made the above remarks.
"Please rest assured," he stressed.
At the press conference, Vice Minister of Finance Yu Weiping introduced that pensions are "life-supporting money" entrusted by the people to the state for management.
According to preliminary statistics, the current balance of the national social security fund is 4.8 trillion yuan (RMB, the same below), and the number of months that can be paid is more than 14 months.
Overall, the fund's income (in) exceeds its expenditure (out).
In recent years, the Ministry of Finance has taken a series of measures to ensure that pensions are paid in full and in a timely manner.
——Increase subsidies from the central government.
Since the implementation of the unified old-age insurance system in 1998, the central government has continued to increase subsidies to the basic old-age insurance funds for enterprise employees. In 2021, the subsidy funds will exceed 600 billion yuan to support local governments to ease the pressure on fund revenue and expenditure.
——Increase the proportion of adjustment.
In 2021, the central adjustment ratio of basic pension insurance funds for enterprise employees will increase to 4.5%, and the total adjustment will reach more than 930 billion yuan.
We will focus on supporting provinces with prominent revenue and expenditure conflicts, and the central and western regions and provinces with old industrial bases will benefit more than 210 billion yuan.
——Transfer state-owned capital to enrich social security funds.
At the central level, a total of 1.68 trillion yuan of state-owned capital was transferred to 93 central enterprises and central financial institutions.
Yu Weiping said that the basic endowment insurance for enterprise employees is coordinated nationwide, and the funds are supplemented by each other across the country, which is conducive to giving full play to the scale effect of the fund and enhancing its support capacity.
This work has been officially implemented on January 1 this year.
At present, the Ministry of Finance is stepping up efforts to study and formulate relevant supporting documents, measure the scale of fund allocation, reasonably adjust the surplus and shortage of funds between regions, strengthen the tracking and guidance of local implementation work, and adjust and improve policy measures in a timely manner.
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