China News Service, August 25th. Qi Tao, head of the Pension Insurance Department of the Ministry of Human Resources and Social Security, pointed out on August 25 that this year, despite the increasing downward pressure on the economy and the impact of the new crown pneumonia epidemic, retirees are still adjusted according to the proportion of 4%. Pensions, the additional pensions have been distributed in place.

In the next step, a series of measures will be comprehensively adopted to promote the continuous reform and improvement of the old-age insurance system, to make the system more fair and sustainable, and to ensure the timely and full payment of old-age pensions.

　　The Propaganda Department of the Central Committee of the Communist Party of China held a series of press conferences on the theme of "China's Decade" on August 25, introducing the progress and effectiveness of employment and social security work since the 18th National Congress of the Communist Party of China.

A reporter asked at the meeting: What is the overall situation of the basic pension insurance fund for enterprise employees in my country?

In addition, the national pooling of pension insurance was launched this year, the basic pension for retirees was adjusted again, and some unexpected factors such as the epidemic occurred. Will this affect the timely and full payment of pensions?

　　Qi Tao pointed out that pensions are related to the lives of hundreds of millions of retirees.

Since the 18th National Congress of the Communist Party of China, in accordance with the unified deployment of the Party Central Committee, the basic pension of retirees has been continuously adjusted, and the pension level of retirees has been continuously improved.

This year, despite the increasing downward pressure on the economy and the impact of the new crown pneumonia epidemic, the pension for retirees is adjusted according to the proportion of 4%, and the additional pension has been paid in place.

After more than 30 years of continuous reform and improvement, especially since the 18th National Congress of the Communist Party of China, the pension insurance business has developed rapidly, the operation of the system has become more stable, and the fund has become more sustainable. .

　　Regarding the operation of the pension insurance fund that the reporter is concerned about, and whether the pension can be paid in full and on time, Qi Tao responded that it can be viewed from the following perspectives:

　　The first is to be able to balance the current period.

In 2021, the income of the basic pension fund for enterprise employees will be 4.4 trillion yuan, and the fund expenditure will be 4.1 trillion yuan. The current revenue and expenditure are generally balanced, with a slight balance. Since the beginning of this year, the fund has maintained a stable operation.

　　Second, there are inter-provincial adjustments.

In January of this year, the national pooling system of basic old-age insurance was launched, providing greater support to provinces with financial difficulties. In the first half of the year, 124 billion yuan of funds have been allocated, which has strongly supported the distribution of pensions in difficult provinces.

　　The third is the accumulated balance.

At present, the accumulated balance of the basic pension insurance fund for enterprise employees is 5.1 trillion yuan, which has a strong guarantee capability.

　　Fourth, there are financial subsidies.

The central government's subsidy to the basic endowment insurance fund for employees of enterprises has continued to increase, reaching about 650 billion yuan this year, with a focus on western regions and old industrial bases.

After the national overall planning was implemented, a mechanism for local financial input was also established.

　　Fifth, long-term reserves.

The national social security fund has a strategic reserve of more than 2.6 trillion yuan, and the central level has transferred 1.68 trillion yuan of state-owned capital to supplement the social security fund.

　　Qi Tao said that in the next step, a series of comprehensive measures will be taken to promote the continuous reform and improvement of the old-age insurance system, make the system fairer and more sustainable, and ensure that pensions are paid in full and on time.