laitimes

What are the benefits of an individual pension? Authoritative interpretation of the four departments

People's Daily health client Wang Zhuo

On April 25, at the State Council policy briefing, the relevant responsible persons of the Ministry of Human Resources and Social Security, the Ministry of Finance and other four departments interpreted the Opinions on Promoting the Development of Individual Pensions. Yan An, a member of the 13th Shanghai Financial Professional Committee of the China Democratic League, also believed in an interview with the Health Client of the People's Daily that the release of the Opinions marks the formation of a multi-level social pension security system in the mainland.

What are the benefits of an individual pension? Authoritative interpretation of the four departments

The scene of the State Council's regular policy briefing. China Net Map

The mainland's multi-level social old-age security system was formed

Li Zhong, vice minister of the Ministry of Human Resources and Social Security, said that efforts should be made to build a "three-pillar" endowment insurance system based on basic endowment insurance, supplemented by enterprise annuity and occupational annuity, and linked with individual savings endowment insurance and commercial endowment insurance. Personal pension is the state's institutional arrangement on the third pillar, and other personal commercial pension financial business is an important part of the third pillar.

Yan An said: "The emphasis on multi-level lies in the fact that we must first participate in the statutory compulsory basic old-age insurance for urban workers or the basic old-age insurance for urban and rural residents before we can participate in the individual pension system. This also reflects that the personal pension system is the institutional positioning of the supplementary social basic pension insurance. ”

Implement personal accounts and unified management

The "Opinions" proposed that the individual pension implements a personal account system. Nie Mingjun, director of the Department of Pension Insurance of the Ministry of Human Resources and Social Security, explained that this can more intuitively reflect the rights and interests of individuals, and at the same time facilitate the individual operation of employees, individuals can independently choose to purchase financial products such as bank wealth management, savings deposits, commercial endowment insurance and public funds that meet the regulations; at the same time, it can provide complete records and services for participants, not only to facilitate timely inquiries by insured persons, but also to achieve "recording a lifetime, guaranteeing a lifetime, and serving a lifetime"; finally, it is also conducive to overall planning, promoting multi-level, Healthy and long-term development of the multi-pillar pension insurance system.

According to Yan An, during the previous personal pension pilot period, there was a "fragmented" way of registering accounts in account information, which would weaken the connection between multi-level pension systems, lose service efficiency, and increase operating costs. The management of personal pension is established by the Ministry of Human Resources and Social Security as a unified "one-stop" personal pension information management service platform, forming a unified national service capability, with authoritative, efficient, convenient and fast service advantages.

"Saving money for the elderly" translates into long-term investment

In Yan An's view, with the landing of the system, the mainland's bank savings pension will be transformed into investment pension, which will promote the long-term prosperity of the mainland's capital market and will assume the role of an important "ballast stone" in the capital market.

In this regard, Lin Xiaozheng, head of the Securities fund institution supervision department of the Securities Regulatory Commission, proposed that in order to serve the preservation and appreciation of personal pensions, it will pay close attention to the introduction of a supporting rules and system for personal pension investment public funds to ensure the safety and standardization of pension investment operations.

Wang Honghe, head of the Life Insurance Supervision Department of the Banking and Insurance Regulatory Commission, also mentioned that relevant policies such as the management measures for the personal pension business of commercial banks are being studied and formulated to ensure the introduction of more bank insurance products with safe operation, mature and stable, standardized subject matter and focus on long-term preservation.

What are the benefits of an individual pension? Authoritative interpretation of the four departments

Read on