China News Service, February 22. On the 22nd, the Ministry of Human Resources and Social Security held a press conference to introduce the progress of human resources and social security work in 2021.

Qi Tao, deputy director of the Department of Endowment Insurance, said that in accordance with the decisions and arrangements of the Party Central Committee and the State Council, the national overall planning of endowment insurance will be implemented from January this year.

  According to his introduction, since the establishment of my country's endowment insurance system in the 1990s, it started from county-level overall planning and gradually improved the overall planning level.

At the end of 2020, all provinces have realized the unified revenue and expenditure of funds at the provincial level, solving the problem of uneven fund burdens between provinces.

However, due to unbalanced development among regions, differences in economic development level, population age structure, etc., the structural contradiction of pension insurance funds among provinces has become increasingly prominent. The expenditure pressure of pension insurance funds is relatively large.

In this case, it is necessary to realize national overall planning as soon as possible, and adjust the use of funds nationwide.

  Qi Tao said that the CPC Central Committee and the State Council attach great importance to the national overall planning of endowment insurance.

In July 2018, the central fund adjustment system was established and implemented, which moderately balanced the burden of pension insurance funds between provinces and took the first step in national overall planning.

From 2018 to 2021, during the four-year implementation of the central adjustment system, a total of more than 600 billion yuan of inter-provincial adjustment funds, of which the scale of cross-provincial adjustment in 2021 will reach more than 210 billion yuan, which strongly supports difficult provinces to ensure that pensions are paid on time and in full.

In accordance with the decisions and arrangements of the Party Central Committee and the State Council, the national overall planning of endowment insurance will be implemented from January this year.

  Qi Tao said that after the implementation of the national overall planning system, the current surplus and shortage of pension insurance funds between regions will be adjusted nationwide to ensure that pensions are paid in full and on time, and to solve the structural problems of funds in the system. Pension payment is more secure.

We will work with relevant departments to strengthen the management of nationally coordinated funds for allocation to ensure the safety of funds and the smooth allocation of funds.

  He said that after the implementation of the national overall planning system, a mechanism for sharing expenditure responsibilities between the central and local governments will be established, and the central government's subsidies for endowment insurance will not be reduced, maintaining stability and continuity.

On this basis, the expenditure responsibilities of local governments will be more clearly defined, and the responsibilities of governments at all levels will be further consolidated.

At the same time, after the national overall planning, by strengthening the unified management of pension insurance policies, fund management, handling services, information systems, etc., it will help to further improve the overall security capability, enhance the uniformity and standardization of the system, and better ensure Pensions are paid in full and on time, providing more convenient and fast services for insured companies and insured personnel.