The pension treatment of urban and rural residents will also be improved, and many places are working intensively
The window for pension increases in 2022 has been opened. The "Economic Information Daily" reporter learned that the pension of urban retirees in the mainland is expected to meet the "18 consecutive increases". Hebei, Jilin and other places also said that in 2022, the basic pension of retirees will be increased. At the same time, the pension treatment of urban and rural residents will also be improved, and many places are working intensively. While the pension treatment is improved and released, the reform of the pension insurance system is steadily advancing, whether it is the national overall planning of pension insurance or the landing of the individual pension system.
As of 2021, the pension of mainland retirees has achieved "17 consecutive increases". From 2018 to 2020, the increase was 5% for three consecutive years, and the increase in 2021 was adjusted to 4.5%. In terms of adjustment methods, the method of combining quota adjustment, linkage adjustment and appropriate inclination is adopted, of which the quota adjustment reflects the principle of fairness, and the linkage adjustment reflects the incentive mechanism of "paying more and getting more" and "paying more for a long time".
In 2022, the mainland will continue to increase the basic pension of retirees. For the increase in pensions, experts expect it to be between 3% and 4%.
Zhang Yinghua, executive researcher of the World Social Security Research Center of the Chinese Academy of Social Sciences, told the Economic Information Daily that the steady growth of basic pensions and the sharing of economic growth results by retirees are important measures to improve security and improve people's livelihood. In 2021, the mainland's economic growth rate will exceed 8%, and fiscal revenue will increase by more than 10% year-on-year, laying the foundation for "18 consecutive increases" in pensions. "On the one hand, the continuous rise in pensions is conducive to narrowing the income gap between retirees, on the other hand, the increase is higher than the rise in prices, which can increase the actual purchasing power of retirement income." It is expected that the national average pension growth rate will be 3%-4% in 2022. ”
"According to the usual practice, the pension of retirees will increase rigidly every year, but it should not be too fast, and the adjustment range mainly depends on the price and economic growth rate, and it is expected that the increase in 2022 will be about 3%." Dong Dengxin, a core member of the China Pension Finance 50 Forum and director of the Institute of Financial Securities of Wuhan University of Science and Technology, told the Economic Reference Daily that the current per capita pension level of mainland workers has reached about 3,000 yuan per month, and the base has been high, accounting for about 60% of the average salary of on-the-job employees.
It is worth noting that compared with urban retirees, the overall level of basic pensions for urban and rural residents is low, and the gap between various places is also more obvious. Steadily increasing the pension of urban and rural residents has also become an important point of policy.
Many places are in full swing to introduce specific plans to raise the basic pension of urban and rural residents in 2022. The Department of Human Resources and Social Security of Jiangsu Province recently released the news that the minimum standard of basic pension insurance for urban and rural residents has been raised from 173 yuan per person per month to 187 yuan, an increase of 8% over the previous year. The Provincial Department of Human Resources and Social Security and the Provincial Department of Finance have asked all localities to actively raise funds and implement the policy by March 31.
In addition, Tibet said that from January 1, 2022, the basic pension standard of basic old-age insurance for urban and rural residents will be raised from 205 yuan per capita per month to 215 yuan per capita per month, an increase of 10 yuan. Ningxia proposed that between 2022 and 2025, the basic pension standard of urban and rural residents will continue to be adjusted every year, and each person will increase by 5 yuan per month, and it is expected that by 2025, the basic pension of urban and rural residents will reach about 230 yuan per person per month.
The local two sessions have also released signals to raise the pensions of urban and rural residents. The Guizhou Provincial Government Work Report proposes to raise the minimum standard of basic pension for urban and rural residents from 98 yuan per person per month to 113 yuan in 2022, an increase of 15 yuan. The work report of the Guangdong Provincial Government proposes to steadily increase the basic pension of basic old-age insurance for urban and rural residents. The Department of Finance of Guangdong Province also issued a notice in advance to release a total of 1097988 million yuan in advance of the basic pension insurance subsidy funds for urban and rural residents in 2022.
Zhang Yinghua said, "The increase in the pension of urban and rural residents will help narrow the income gap between elderly residents and retired workers, encourage capable insured residents to increase their contributions, and make more pension reserves for the future." Dong Dengxin believes that increasing the pension payment rate of urban and rural residents as soon as possible has also become an important direction for the next step.
However, the industry also pointed out that the current pressure on the balance of pension income and expenditure is still relatively large, and it is imperative to ensure the steady improvement of pension treatment and accelerate the reform of the pension insurance system. In addition to the implementation of a gradual extension of the statutory retirement age, it is key to accelerate the pace of national pension co-ordination and implement the individual pension system as soon as possible.
The reporter learned that since the beginning of this year, the pace of national pension co-ordination has been accelerating, and Shanghai, Zhejiang, Hubei, Guangdong, Sichuan and other places have emphasized the national overall planning of the basic pension insurance for enterprise employees, and many places have steadily promoted the basic pension insurance data of enterprise employees to access the national overall planning system. Among them, the Qinghai Provincial Enterprise Employee Pension Insurance National Overall Planning Information System was recently put into operation. Following the deliberation and adoption of the "Opinions on Promoting the Development of Individual Pensions" at the 23rd meeting of the Central Committee for Comprehensively Deepening Reform, the relevant departments are also stepping up efforts to improve supporting policies, clarifying implementation measures, fiscal and taxation policies, and financial product rules.
Zhang Bingzi, a researcher at the Social Development Research Department of the Development Research Center of the State Council, told the Economic Reference Daily reporter that due to the different maintenance structures and fund balances in various places, the pressure on the balance of pension insurance funds between regions is also quite different, and in 2018, the mainland began to establish a central adjustment system for pension insurance funds, and in 2019, the "National Overall Reform Plan for the Basic Pension Insurance of Enterprise Employees" was adopted, and the national overall planning of the basic pension insurance for enterprise employees will be fully implemented in 2022. Realizing unified system regulations nationwide, unified scheduling and use of funds, unified management and unified information systems are of great significance for achieving the balance of income and expenditure of the fund, enhancing the anti-risk ability of the fund, enhancing the fairness of the fund, and improving the efficiency of management.
"In order to achieve the sustainability of the fund, the pension reform should be precisely exerted, while improving the overall level of the fund, encouraging individuals to continue to participate in insurance and long-term payment, and promoting the development of the multi-level pension insurance system, especially the individual pension." The basic pension should be positioned to ensure the basic and achieve sustainability, and the supplementary pension should be positioned to raise the treatment, achieve high security, and link government subsidies, unit contributions, and personal responsibilities. Zhang Yinghua said that in the long run, the sustainability of basic pension insurance and the adequacy of retirement income security are inseparable from the construction of a multi-level pension insurance system, especially the current expansion of flexible employment scale, the absorption of a large number of labor force in new employment forms, and the acceleration of the development of personal pensions.
Dong Dengxin also believes that from the perspective of coping with aging and improving the ability of old-age security, in addition to basic endowment insurance, it is also necessary to vigorously develop enterprise annuities and occupational annuities, guide and encourage families and individuals to purchase personal pension products, and integrate personal pension reserves into family financial management.