Abstract The 12th meeting of the Standing Committee of the 12th National People's Congress held a joint meeting and conducted a special inquiry in conjunction with the State Council's report on the overall planning for the promotion of urban and rural social security system construction. In response to a member inquiry, Ma Kai, Vice Premier of the State Council, said that the current level of pension insurance contributions...
The 12th meeting of the Standing Committee of the 12th National People's Congress held a joint meeting to conduct a special inquiry in conjunction with the State Council's report on the overall planning for the promotion of urban and rural social security system construction. In response to a member inquiry, Ma Kai, Vice Premier of the State Council, said that the current level of pension insurance contributions is indeed high, and “five insurance and one gold†has accounted for 40% to 50% of total wages. He revealed that relevant documents on the integration of government and public institutions and urban employee pension insurance systems will be issued in the near future and will be further deployed. The old-age insurance consolidation document was recently issued
Earlier, Ma Kai said in a report to the Standing Committee of the National People's Congress that it would promote the reform of the endowment insurance system of government agencies and institutions, and establish an endowment insurance system that is unified with urban workers. According to the central government's deployment, the relevant departments have formulated reform plans after extensive investigation and research and repeated argumentation, and they have been reviewed and approved by the State Council executive meeting and the Standing Committee of the Political Bureau of the Central Committee.
Yesterday, Ma Kai further stated at the time of enquiry, "The central government has already discussed and adopted the issue of the integration of government institutions and urban employees' pension insurance system. The recent documents will be issued and the conference will be deployed after the issuance."
Ma Kai said that the top-level design of the pension insurance system is a major event for the government's social security work next year. He said that the current government has immediately deployed and carried out research on the top-level design of pension insurance. After a year and a half of hard work, the inter-ministerial joint team led by the Ministry of Human Resources and Social Security has formed an overall report of top-level design studies and 16 special reports.
Five insurance and one gold have already accounted for 40%-50% of wages
The Third Plenary Session of the 18th CPC Central Committee proposed to appropriately reduce the level of pension insurance contributions. In this regard, Ma Kai said that the current level of payment is indeed high, "five insurance and one gold" has accounted for 40% -50% of the total wages, the company feels heavy burden. But on the other hand, the growth rate of social security fund income is slower than the growth rate of expenditure, which is another contradiction. "On the one hand, the enterprise reflects that the level of contribution is too high. On the one hand, lowering the level of contribution will affect the current income. How to resolve this dilemma requires research."
Regarding the issue of the gradual delayed retirement age, which has also received high attention in the near future, Ma Kai said that the Third Plenary Session of the 18th CPC Central Committee decided to make a clear request, but there were great differences in the society and the understanding was not uniform. The solution is: “On the basis of unified understanding, there are still clear goals. Is the retirement age postponed to 63 or 65? There are also opportunities for timing, rhythm control, supporting measures and supervision and implementation.†the study.
In response to the national pooling of pension insurance, Ma Kai said that the situation varies widely from place to place, and there are many constraints. Some places can't make ends meet, and the central subsidy can guarantee payment. What needs to be solved for this problem is, "How can we not only play the mutual aid function of pension insurance, but also mobilize the enthusiasm of each place, how to find a balance point."
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