China News Service, Beijing, April 25 (Reporter Zhao Jianhua) The General Office of the State Council of China recently issued the "Opinions on Promoting the Development of Individual Pensions" (hereinafter referred to as the Opinions), establishing government policy support, individual voluntary participation, and market-oriented operation of individuals Pension system framework.
China's Ministry of Human Resources and Social Security stated that it will release the implementation measures and other supporting documents for individual pensions as soon as possible with relevant departments, and clarify and refine the operating procedures and participation standards.
According to the opinion, workers who have participated in the basic pension insurance can participate in the individual pension system.
The state provides preferential tax policies to encourage participants to participate voluntarily.
Individual pensions are subject to an individual account system, and individual contributions are fully accumulated.
The funds in the individual pension account can choose to purchase financial products such as bank wealth management that meet the regulations. After reaching the basic pension age and other conditions, the individual pension can be received on a monthly, instalment or one-off basis.
Li Zhong, vice minister of China's Ministry of Human Resources and Social Security, said at a briefing held by the State Council Information Office on the 25th that China is striving to build a foundation based on basic old-age insurance, supplemented by corporate annuities and occupational annuities, and combined with personal savings pensions. A "three-pillar" old-age insurance system linking insurance and commercial old-age insurance.
The first pillar: basic old-age insurance.
China has successfully established the world's largest basic endowment insurance network, with endowment insurance covering more than 1.03 billion people, unemployment insurance covering more than 230 million people, and work-related injury insurance covering more than 280 million people. Continue to enhance.
The number of people receiving basic pension insurance benefits has reached 300 million.
The annual revenue and expenditure scale of the basic pension insurance fund reached 12.6 trillion yuan (the same below in RMB), and the accumulated balance exceeded 6 trillion yuan. The fund was running smoothly on the whole, and benefits were paid in full and on time.
The second pillar: enterprise annuity and occupational annuity.
As of the end of March, 72 million employees had participated in enterprise annuities and occupational annuities, accumulating funds of 4.5 trillion yuan, and the role of supplementary pensions had initially appeared.
The third pillar: personal pension and other personal commercial pension financial services.
On the basis of the first and second pillars, an additional accumulation can be added, and an additional income can be obtained after retirement, which will further improve the standard of living after retirement, and make the life of the elderly more secure and quality.
In the process of formulating individual pension policies in China, attention is paid to the convenience and effectiveness of participation.
According to Nie Mingjun, director of the Endowment Insurance Department of the Ministry of Human Resources and Social Security of China, the conditions for participation are simple, and there are no restrictions on employment form, employment location, or household registration. Individuals participate voluntarily and fairly.
When moving across provinces and regions, personal rights and interests are not affected.
At the same time, the participation method is flexible, the account opening is simple, the investment is convenient, and the receiving method is also flexible.
Nie Mingjun said that he will release the individual pension implementation measures and other supporting documents with relevant departments as soon as possible, and clarify and refine the operating procedures and participation standards, which will not only allow participants to understand and operate, but also allow market institutions to fully understand the rules and actively participate. .
At the same time, select some cities to try it out for a year, and then gradually roll it out.
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