Pensions achieve "16" consecutive increase (Rui Finance)

　　Our reporter Li Jie

　　In recent years, Fujian Province has promulgated a series of policies that benefit the elderly, and the elderly’s sense of happiness and sense of gain has been continuously enhanced. The picture shows the staff of the Golden Sun Community Elderly Service Center in Kaiyuan Community, Gudong Street, Fuzhou, giving massage to the elderly. Photo by Xinhua News Agency reporter Wei Peiquan

　　"The pension has been raised again. Let's see how much money you get?" With the announcement and implementation of the 2020 pension adjustment plan in various provinces, the pensions of retirees have become a hot topic recently. This year is the 16th consecutive year that the basic pension for retirees from Chinese enterprises has risen. How to determine the rate of increase? What factors are linked to the personal adjustment amount? In the context of corporate pension insurance premium exemption, reduction, and mitigation policies, is there a guarantee for pension payment?

The overall pension increase is 5%

　　In April this year, the Ministry of Human Resources and Social Security and the Ministry of Finance issued the "Notice on Adjusting the Basic Pension for Retired Persons in 2020", clarifying that the overall adjustment level across the country is 5% of the monthly basic pension per capita for retirees in 2019. The prelude to this year's pension adjustment.

　　The notice made it clear that the target of the pension increase was retirees who had gone through the retirement procedures as required and received the basic pension on a monthly basis before December 31, 2019. Each province uses the national overall adjustment ratio as the upper limit to determine its own adjustment ratio and level.

　　It is understood that this is the 16th consecutive year since 2005 that the basic pensions for corporate retirees have been adjusted, and it is also the fifth consecutive year since 2016 that the basic pensions for corporate retirees have been uniformly adjusted.

　　How is the 5% level determined? According to reports, the adjustment of the basic pension is a social policy. It is necessary to highlight the bottom line function of basic insurance and ensure the basic living of retirees. Multiple factors such as economic growth, average wage income growth, and rising prices will be taken into consideration. Dong Dengxin, director of the Institute of Financial Securities at Wuhan University of Science and Technology, believes that, in general, the growth rate of pensions does not exceed GDP growth and is not lower than price increases. In recent years, pensions have maintained an increase of about 5%.

　　Up to now, all provinces across the country have determined their pension adjustment plans for 2020. Many provinces have already reissued the rising pension before the end of July, and some provinces have also announced the per capita pension increase. For example, the average monthly basic pension for retirees from enterprises, government agencies and institutions in Qinghai Province will be increased by about 218 yuan; the pension for retirees in Ningxia will be increased by 172 yuan per month; the pension for retirees in Yunnan will be increased by 167.7 yuan; the pension in Inner Mongolia will be adjusted per capita An increase of 147.2 yuan.

The adjustment method is "Three Combinations"

　　How much can retirees’ pensions increase? It depends on the specific adjustment plan of each province. But on the whole, this year, we will continue to adopt the "three-in-one" adjustment method, that is, the combination of quota adjustment, linkage adjustment and appropriate tilt.

　　The quota adjustment reflects social justice, and the adjustment standards for all types of retirees in the same area are basically the same. Specifically, most of the quota adjustments in different provinces this year ranged from tens of yuan. Among them, Tibet and Shanghai have higher adjustment amounts, which are respectively an increase of 80 yuan and 75 yuan per person per month.

　　The linkage adjustment reflects the incentive mechanism of “pay more, pay more” and “get more pay for long-term pay”, so that people who pay more and pay more for long-term pay while on the job receive more pensions. For example, Shanghai, Anhui, Inner Mongolia and other places stipulate that for every one year of payment, the basic pension increase per person per month ranges from a few yuan to tens of yuan; Tianjin, Guangdong, Liaoning and other places provide more than 15 years of payment Part of the increase again.

　　Appropriate inclination reflects key care, mainly for elderly retirees and retirees in difficult and remote areas. For example, Beijing adds another 45 yuan per month for retirees aged 65 to 69; another 55 yuan per month for each person aged 70 to 74; another 65 yuan per month for each person aged 75 to 79; An additional 75 yuan per month.

　　"For each retiree, due to different payment years and pension levels, the actual increase in the absolute amount of pension is different, and the proportion corresponding to the personal pension is also different." The relevant person in charge of the Ministry of Human Resources and Social Security. Has interpreted.

Guaranteed in full and on time

　　This year’s government work report pointed out that nearly 300 million people across the country receive pensions and must ensure that they are paid in full and on time.

　　On the one hand, pensions for retirees have been raised year after year; on the other hand, social security fee reduction policies have been implemented in recent years, and policies such as corporate pension insurance premium exemption, reduction, and deceleration have been further introduced this year, and pension insurance fund income has declined. This increase and decrease makes the distribution of pensions the focus of social attention.

　　At a recent press conference, Nie Mingjun, Director of the Pension Insurance Department of the Ministry of Human Resources and Social Security, once again responded to social concerns. "Reduction of social insurance premiums will not affect ensuring that pensions are paid in full and on time." Nie Mingjun said that the reduction and exemption policies have been repeatedly researched, carefully evaluated and accurately calculated in advance, and are based on the premise that pensions must be paid in full and on time.

　　Looking at the basics, thanks to years of rapid economic development, corporate pension insurance funds have accumulated a considerable "family foundation." As of the end of June, the national corporate pension insurance fund had a cumulative balance of 4.77 trillion yuan, and it is expected to maintain a balance of more than 3.8 trillion yuan by the end of the year. In addition, there is a national social security strategic reserve fund of more than 2 trillion yuan. The overall support capacity is compared Strong.

　　Looking at the operation, fully predict the situation, and increase funding and support for provinces with difficulties in issuing guarantees. This year, the proportion of central government adjustments of the fund has increased to 4%, the scale of adjustments has reached 740 billion yuan, and more than 170 billion yuan has been adjusted across provinces. In terms of institutional arrangements, at present, 26 provinces across the country have achieved standardized provincial-level overall planning, and the remaining provinces will also achieve unified provincial-level fund revenue and expenditure before the end of this year.

　　"Reduction of pension insurance premiums will not affect this year's pension adjustment." Nie Mingjun said earlier that many provinces are speeding up the organization and implementation in light of the actual situation in the region, and strive to put the adjusted and increased pension funds into the hands of retirees as soon as possible.