[Explanation] Recently, the General Office of the State Council issued the "Opinions on Promoting the Development of Personal Pensions", and the personal pension system was officially released, and together with basic pension insurance, enterprise annuity or occupational annuity, it forms the "three major components of China's pension insurance system". pillar".
So what are the characteristics of the individual pension system, and what are the thresholds for joining?
On April 25, the Ministry of Human Resources and Social Security, the Ministry of Finance, the China Banking and Insurance Regulatory Commission and other departments introduced the newly released pension system.
【Subtitle】What is the personal pension system?
[Concurrent] Li Zhong, Deputy Minister of Human Resources and Social Security
Individual pensions are subject to an individual account system, and individual contributions are fully accumulated.
Individual pension account funds can choose to purchase financial products such as bank wealth management that meet the regulations.
However, after reaching the basic pension age and other conditions, the individual pension can be received in monthly installments or in one lump sum.
【Subtitle】What is the difference between the personal pension system and basic pension insurance, enterprise annuity, and occupational annuity?
[Concurrent] Li Zhong, Deputy Minister of Human Resources and Social Security
Basic endowment insurance is enforced by the state, and individual pensions are voluntarily participated by individuals. Unlike enterprise annuities and occupational annuities, which are jointly paid by employers and their employees, individual pensions are only paid by individuals.
Generally speaking, the personal pension system is a supplementary pension insurance system supported by government policies, voluntary participation of individuals, and market-oriented operation.
[Subtitles] What are the thresholds for participation in the personal pension system?
[Concurrent] Nie Mingjun, Director of the Pension Insurance Department of the Ministry of Human Resources and Social Security
First, the conditions for participation are relatively simple.
At present, 1.03 billion people participate in the basic pension insurance, and as long as individuals voluntarily participate in this system, they can participate in this system fairly.
Second, the way of participation is more flexible.
In terms of the level of participation, participants can completely decide whether to participate in the whole process or part of the year. In terms of payment amount and payment method, as long as the initial stage does not exceed the annual payment limit of 10,0002, participants can decide how much to pay. Payments can be made at one time or in installments during the year.
The third is that it is relatively easy to open an account.
According to the system design, two accounts need to be opened to participate in the personal pension. Through commercial bank channels, both accounts can be opened at one time.
Fourth, investment is relatively convenient.
Participants can choose bank deposits and wealth management independently according to their different preferences. These operations can be completed in these capital accounts, and there is no need to run multiple departments and institutions.
Fifth, the collection method is more flexible.
When the participants meet the requirements for receiving, they can choose to receive monthly, instalments or one-time payment.
【Subtitle】What are the benefits of participating in the individual pension system?
[Concurrent] Nie Mingjun, Director of the Pension Insurance Department of the Ministry of Human Resources and Social Security
One is to enjoy preferential tax policies.
Including pension FOF, commercial pension insurance, etc., qualified investment products can be used as personal pension investment products, which can be purchased by participants at their own discretion.
The second is to enrich and diversify the needs of old-age care.
Now the addition of personal pensions not only adds another channel for supplementary pensions for those who participate in the second pillar, but also adds a channel for supplementary pensions for those who do not participate in the second pillar, which enriches the participants' understanding of the future Diversified needs for old-age security.
The third, more direct, can help individuals rationally plan pension funds.
After participating in the personal pension, it can be seen from the system design that the funds in the account are closed and run only in the payment stage. Personal payment and investment income are rolled over in the account, and when the age for receiving the basic pension is reached, etc. can only be received, to avoid early withdrawal, so as to effectively play the role of supplementary pension.
[Explanation] According to reports, the personal pension system will be implemented step-by-step and gradually rolled out in accordance with the actual situation, and will be implemented on a trial basis in some cities for one year before summarizing and promoting.
At the same time, relevant departments will promptly formulate corresponding supporting policies and measures, and do a good job in the docking test of the information platform.
Reporter Liu Xuanting reports from Beijing
Responsible editor: [Fang Jialiang]