Zhongxin Finance, June 17. The State Council Information Office held a regular briefing on State Council policies on June 17. Li Zhong, Deputy Minister of Human Resources and Social Security, said at the meeting that we have noticed that public opinion is worried, and social security payments have been postponed in stages. The policy reduces the current income of the fund, will it affect the timely and full payment of pensions?
Li Zhong emphasized that the policy of deferred payment of social insurance premiums has been carefully calculated, and the fund can bear it. In particular, the implementation of national co-ordination of basic endowment insurance for enterprise employees, the adjustment of surplus and deficiency nationwide, and the increase of financial support for provinces with fund difficulties.
For example, in the first half of this year, 120 billion yuan of funds has been paid and allocated, effectively balancing the fund burden between provinces.
"So, please rest assured that we can ensure that pensions are paid on time and in full." (End)
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