Preface: The design of the whole scheme of China's basic pension insurance system was started in 2015. Due to the "reform of the pension insurance system for the staff of government organs and institutions" unreasonably using the "deemed payment period" of the "reform of the basic pension insurance system for enterprise employees" as "deemed payment", a major change in ideology and a substantial revision of the proposed legal provisions have been made to redefine the basic pension insurance. This is the 2024 edition of the "Design of the Whole Plan of China's Basic Pension Insurance System", in order to strengthen the inheritance of the basic pension insurance stipulated by law, the "labor pension" will no longer be replaced by the "overall pension", and the "personal account pension" will no longer be replaced by the "personal pension".
(1) "Deemed payment period" and "deemed payment" are different concepts, because there is no individual (account) payment during the "deemed payment period", so the "payment" included in the "payment period" is clearly distinguished from the actual "social labor". Replace "payment", "deemed payment" and "actual payment" with "social labor", and replace "payment period", "deemed payment period" and "actual payment period" with "social service years", and no longer use the concept of "deemed payment period". At present, the "deemed payment period" and "payment period" stipulated in the law are unscientific.
"Payment" is the payment of basic endowment insurance, including the payment of social pooled basic endowment insurance premiums (social pooled payment) and the personal account deposit of the personal account deposit amount (personal account payment), and the social pooled payment and personal account payment should not be bound to each other.
The only base of basic pension insurance is the "average wage of local employees", and the "individual contribution wage base" should be abolished, and the "average contribution index of the individual" should be abolished.
The social co-ordination payment fund payment co-ordination pension is the essence of the basic old-age insurance system, the payment of personal account payment funds for the personal account pension is a supplement to the social co-ordination, and the financial subsidy of the national government is the pillar of the basic old-age insurance system.
(2) Since the word "retirement" has little to do with the basic pension insurance system, words such as "retirement age", "early retirement", "delayed retirement" and "postponement of retirement" are no longer used, and "retirement" is replaced by "receiving a pooled pension"; "delayed retirement" is replaced by "postponing a pooled pension"; "early retirement" is replaced by "early receiving a pooled pension"; and "statutory retirement age" is replaced by "starting to receive a pooled pension".
(3) Redefine the basic pension by the old-age pension, the overall pension, and the personal account pension (add an old-age pension). Receiving a basic pension is only one of the benefits of basic pension insurance.
It is determined that the contribution amount of "social pooling" is "20% of the average salary of local employees/per person", which corresponds to the interrelationship between the equal distribution value of the overall pension of "1% of the average salary of local employees/per social working years".
(4) The basic endowment insurance is based on the participation of individual citizens in social labor, and the workers are divided according to whether the individual citizen participates in social labor.
In the basic old-age insurance system, the definition of the population is composed of three types of individuals: individual citizens, workers of employers and individual workers without employers, that is, all citizens, to achieve "full coverage" of the population in the legal sense and the expression of the basic old-age insurance system of social security.
Employers: such as state-owned enterprises, collective enterprises, private enterprises, foreign-funded enterprises, joint ventures and other enterprises and institutions, state organs, government departments, military units, colleges and universities, etc.
Non-employers: self-employed workers such as self-employed, self-employed, self-employed, self-employed, self-employed, etc.
There are two types of employers: for-profit employers and non-profit employers:
For-profit employers: such as enterprises, farms, forest farms, pastures, fisheries, etc.
Non-profit employers: such as state organs, public institutions, military units, colleges and universities, etc.
(5) The treatment of "retirement" and "greater contributor to society" shall be classified into the social preferential care system, and the funeral allowance and pension and the complete loss of working ability due to illness or non-work-related disability shall be classified into the social welfare system, which are not within the scope of social insurance.
(6) In accordance with the Constitution of the People's Republic of China and the Labor Law of the People's Republic of China, it is recommended to put forward innovative suggestions for the "Chapter II Basic Pension Insurance" in the Social Insurance Law of the People's Republic of China, so as to make amendments, and it is necessary to establish a relationship with the "Social Preferential Care Law of the People's Republic of China" (to be enacted) and the "Regulations on the Minimum Living Security for Urban Residents".
1. Proposed amendments to Chapter II of the Social Insurance Law of the People's Republic of China
Chapter II Basic Pension Insurance
The basic old-age insurance guarantees that citizens enjoy the basic old-age insurance benefits after they completely withdraw from social labor when they are old or when they completely lose their ability to work due to non-work-related or disability due to illness, and ensure that the elderly enjoy the source of funds for basic life.
Article 10 Employers and individual citizens shall participate in the basic endowment insurance
Paragraph 1 Individual citizens' participation in basic old-age insurance shall be based on social labor and basic old-age insurance contributions.
Paragraph 2 The employer must participate in the social pooling of basic pension insurance due to the use of national labor resources, which is regarded as the social pooling of individual workers. It shall not be deducted from the wages of individual workers, and shall not be separately levied on individual workers.
The certification of an individual's participation in the basic endowment insurance includes a labor contract, a letter of appointment, a letter of appointment, a salary payment record, a basic endowment insurance file, etc., and a certifier.
Paragraph 3 No employer, self-employed worker or individual citizen shall freely choose to participate in the basic endowment insurance by making social contributions.
The certification of individual participation in basic endowment insurance includes business license, business place contract, basic endowment insurance file records, etc., as well as tax registration and payment.
Article 11 Payment, payment and management of basic endowment insurance
The first basic endowment insurance implements a combination of government financial subsidies, social pooling and personal accounts.
Paragraph 2 The payment of basic endowment insurance is divided into the payment of basic endowment insurance premiums by the society (hereinafter referred to as "social pooled payment") and the deposit of basic endowment insurance premiums by personal accounts (hereinafter referred to as "personal account contributions").
The social co-ordination payment is paid before tax. Individual income tax is not levied on personal account payments.
Employers, employees of employers, self-employed workers without employers, and individual citizens shall pay monthly social pooled contributions and personal accounts, and record and record the payment status.
The social insurance agencies in each region shall establish personal accounts for basic pension insurance for individual citizens, record the cumulative number of years of social work and the overall social planning of individuals, the personal social pooling ratio, and the cumulative balance of personal account savings paid by individual accounts.
Paragraph 3 The basic pension insurance fund includes a pooled account and an individual account.
The overall account is composed of funds such as social pooled payment and national government subsidies, and is managed by the relevant departments of the State Council, and the pay-as-you-go system is implemented.
Funds in the pooled account are raised on a monthly basis by the social insurance premium collection agency.
The individual account shall pay the basic pension insurance premiums on a monthly or annual basis, enjoy government preferential treatment and collective subsidies, and implement the fund accumulation system.
Personal accounts shall be managed by social insurance premium collection institutions at or above the provincial or municipal levels, and an investment operation mechanism shall be established to maintain and increase the value of personal account funds under the condition that they have priority.
Paragraph 4 The funds for individual citizens to enjoy the benefits of basic endowment insurance shall be jointly borne by the state (government), the collective (employer) and the individual (citizen) to maintain the balance of income and expenditure of basic endowment insurance.
The social pooled payment fund to pay the pooled pension is the essence of the basic endowment insurance, and when the payment of the pooled pension is insufficient, the central government will give subsidies.
Personal account payment funds to pay personal account pension is a supplement to the basic pension insurance, in addition to investment and operation value preservation and appreciation can only be used to pay personal account pension on a monthly basis, can not be transferred to other purposes.
Paragraph 5 When a worker receives a pooled pension in advance and a citizen's individual age reaches the age of starting to receive a pooled pension, neither the employer nor the individual shall make contributions to the basic pension insurance.
Individual workers who have not reached the age of termination of social work may continue to make social contributions.
Article 12 The social co-ordination of basic endowment insurance contributions
Paragraph 1 The payment base and contribution ratio of social pooling contributions and the individual social pooling ratio.
1. The payment base shall be the average wage of local employees, and the local governments shall annually calculate and formulate the average monthly wages of the on-the-job workers of profit-making employers in their respective regions in the previous year, which shall be deliberated and approved by the local people's congresses.
2.缴费比率：2％、4％、6％、8％、10％、12％、14％、16％、18％、20％(例)。
3. Individual-social pooling ratio: 0.1, 0.2, 0.3, 0.4, 0.5, 0.6, 0.7, 0.8, 0.9, 1.
The individual social pooling ratio of employees of employers and workers who have deferred receiving pooled pensions is 1.
The social pooling ratio of individual workers without an employer corresponds to the social pooling contribution ratio freely chosen by individuals.
Individual Social Pooling Ratio = Contribution Ratio ÷ 20%
Paragraph 2 The employer's social co-ordination contribution ratio shall be 20%, and the social co-ordination contribution amount shall be "20% of the average salary of local employees per person".
The total amount of social co-ordinated contributions of the employer = 20% of the average salary of local employees × × the total number of employers
Employers can receive financial allocations and government subsidies from various state departments for social co-ordination contributions.
1. The for-profit employer shall pay the basic endowment insurance premiums according to the social pooling contribution, which shall be included in the overall account and recorded as the social pooling of the workers.
2. The basic endowment insurance premiums allocated by the central government departments and local governments in accordance with the amount of social pooling contributions by non-profit employers shall be included in the pooled account and recorded as the social pooling of workers.
3. Self-employed workers without an employer participate in the social pooling, and voluntarily choose the social pooling contribution ratio to pay the basic pension insurance premiums by the individual, which shall be included in the pooling account and record the social pooling of the workers.
Self-employed workers without an employer can receive state exemptions and government subsidies if they participate in the social pool.
Social co-ordination contribution amount of no employer = average salary of local employees ×contribution ratio× (1 - reduction and exemption ratio)
Reduction rate = 40% (e.g., maximum)
Paragraph 3 State-owned enterprises, collective enterprises, military units, colleges and universities, public institutions, state organs, government agencies and other employers shall make contributions to the society before participating in the basic old-age insurance system.
Paragraph 4 On July 1 of each year, the basic endowment insurance payment shall be re-approved according to the payment base and payment ratio and personal account payment.
Paragraph 5 Supplementary payment of social pooled contributions:
1. The employer fails to make up the social co-ordinated payment for the employee due to illegal or other reasons.
2. Individual citizens can make up to 20% of the social contribution rate within the past 5 years of participating in social labor.
3. Late fees are required for the supplementary payment of social pooled payment.
Late payment fee = the amount of the current year× (1 + the one-year bank time deposit interest rate of the current year) the late payment period - the amount of the current year
Article 13 The number of years of social service of workers in the basic endowment insurance
Paragraph 1 Beginning at the age of majority, individual citizens who have the social co-ordination of basic old-age insurance during the time they participate in social labor shall be regarded as the number of years of social service. The number of years of social service is cumulatively calculated.
Age of majority: 25% of life expectancy (example) (Note: currently 16 years old)
Paragraph 2: The number of years of social service shall be measured in months (less than one month shall be counted as one month). When converted to a unit of measurement of "years", divide the number of months by 12, keeping two decimal places.
Paragraph 3 Female citizens are entitled to two years of social service for each child born in accordance with the state family planning, which can also be used to receive the pooled pension in advance.
Paragraph 4 The number of years of social service for citizens within the period of social work prescribed by the State.
Social work period: During the period of military service, during the period of collective labor in the production (brigade) corps, during the period of the production and construction corps, and during the period of study prescribed by the state. (Example)
Article 14 Personal accounts in basic endowment insurance
Paragraph 1 Workers of an employer, self-employed workers without an employer, and individual citizens shall voluntarily choose to pay their fees in their personal accounts, and shall freely choose the amount of contributions to be included in their personal accounts.
The cumulative amount of contributions to the personal account shall not be greater than 50% of the average salary of local employees at the time of receiving the pension in the personal account.
Paragraph 2: The accumulated balance of the deposit amount in the personal account shall not be withdrawn in advance. The interest rate of the personal account deposit amount is the return on investment and is exempt from interest tax.
Paragraph 3 The State encourages and regulates the granting of subsidies to individual accounts by employers.
The accumulated balance of the personal account deposit is always owned by the individual.
Paragraph 4 After the death of an individual citizen, the surviving family members shall inherit the accumulated balance of the savings in the personal account and inherit the balance of the basic pension insurance premiums paid by the individual workers without the employer during the period of receiving the overall pension.
The balance of his or her personal account for which there is no legal heir or designated beneficiary is consolidated into the pooled account.
Article 15 Basic pension
The first basic pension consists of an old-age pension, a pooled pension, and a personal account pension.
The basic pension is determined according to factors such as the average salary of local employees, the cumulative number of years of social service of individuals, the overall social planning ratio of individuals, the cumulative balance of personal account savings, the life expectancy of the population, and the age of individuals.
Paragraph 2 The overall pension shall be distributed equally according to the cumulative number of years of social service of individual citizens and the overall social planning ratio of individuals.
Section 3 Basic pension calculation formula:
The basic pension is calculated on the basis of the average salary of local employees.
1. Old-age pension = average salary × local employees (old-age pension percentage + age subsidy + labor subsidy)
(1) Old-age pension percentage: It is an initial value parameter of the basic pension.
Note: The percentage of old-age pension is between 4% and 8%, which should be determined by the local people's governments to the National People's Congress.
(2) Age subsidy and age subsidy rate: starting from the standard old age, it increases every year with the age of the individual, and the age subsidy rate = 0.2%/year (example). After the age of the individual exceeds the life expectancy of the population, the age subsidy rate = 0.4%/year (example).
Age allowance = (individual age - standard old age) × age allowance rate.
(3) Labor subsidy and labor subsidy rate: a subsidy for citizens to participate in social labor and receive old-age pensions.
Labor subsidy rate: 0.5%/year (example), and 1%/year after the end of the period of receiving the pooled pension (example).
Labor subsidy = the rate of labor subsidy × the cumulative number of years of social work of the individual
2. Pooled pension = ∑ [average wage of local employees × individual years of social service× (percentage of labor + postponement of receiving the overall pension subsidy) × individual social pooling ratio] + average salary of local employees × subsidy for years of social work× (percentage of labor + postponement of receiving the overall pension subsidy)
(1) Labor percentage: The equal distribution value of the pension received by the retired pension due to their participation in social labor: for each social working period, the social contribution rate of 20% corresponds to the calculation and payment of the overall pension to 1% of the average salary of local employees (for example).
(2) Subsidy for years of social work: a subsidy for the cumulative years of social work of an individual worker that exceeds the standard number of years of social work, and a subsidy of one year for every year of personal cumulative social work years (example).
Subsidy for years of social work = cumulative years of social work of individuals - standard years of social work
(3) Postponement of receiving the pooled pension subsidy and postponement of the pooled pension subsidy rate: For a subsidy obtained by postponing the receipt of the pooled pension after the individual age of the worker reaches the age of starting to receive the pooled pension, the labor percentage subsidy is subsidized by 0.1% (for example) for every one year of postponement, that is, the postponement of the pooled pension subsidy rate is 0.1%/year.
Deferred receipt of pooled pension subsidy = postponement of pooled pension × rate of postponement of pooled pension subsidy
Deferred period of receiving pooled pension = (individual age - age at the beginning of receiving pooled pension)
3. Personal account pension = cumulative balance of personal account savings ÷ number of months
(1) Cumulative balance of personal account savings = (personal account savings - personal account pension paid in the previous year) × (1 + investment return rate of the previous year)
The rate of return on investment (or the bank's three-year fixed deposit rate).
(2) The number of months is = (life expectancy of the population - personal age) ×12.
(3) Population life expectancy: determined according to the adjustment of the average life expectancy of the population, and approved by the state every five years (example).
Note: The life expectancy of the population can also be treated according to the life expectancy of the local population in each region, which corresponds to the average wage of local employees.
Paragraph 4 When a citizen has the conditions to receive a basic pension, the basic pension shall be calculated separately, calculated in sections, and received separately at the place of household registration, and shall be paid in a unified manner.
(1) Separate calculation: Calculate the pension of the elderly, the pension of the personal account and the overall pension respectively.
(2) Segmented calculation: The old-age pension is calculated according to the age segment. The pooled pension is calculated by the segments of the different individual social pooling contribution ratios corresponding to the different social pooling contribution ratios during the period of the individual's social work years when participating in social labor. The personal account pension is calculated in stages with the cumulative balance of the personal account savings and the change of personal age.
(3) Separate collection: It is necessary to separate the old-age pension, the overall pension, and the personal account pension.
(4) Unified payment: monthly unified payment of old-age pension, overall pension, and personal account pension.
Section 5 The Government allocates the amount of old-age pension according to the number of elderly persons each year.
Article 6 The State shall provide subsidies for citizens to participate in social work. When the payment in the pooled account is insufficient, the government will provide subsidies.
Article 16 Conditions for receiving basic pensions
Paragraph 1 When a citizen participating in the basic pension insurance has the conditions to receive the basic pension, he or she must apply to the county-level social insurance agency through himself, and receive the basic pension after examination and approval, and the principle of immediate calculation and payment shall be implemented.
Section 2 Conditions and subsidies for receiving basic pensions:
1. Conditions for receiving old-age pensions:
Citizens receive the age allowance when they reach the standard old age, and individuals who participate in social work are entitled to a labor allowance.
Standard age of old age: 85% of life expectancy of the population (example).
2. Conditions for receiving a pooled pension:
To receive a pooled pension, one of the following four conditions should be met:
(1) The employee's personal age plus the number of years of early receipt of the pooled pension reaches the starting age of receiving the pooled pension.
Age at the beginning of the pooled pension: 80% of the life expectancy of the population (example).
Initial age of receiving a pooled pension = age of citizens completing university education + theoretical social working years
Age for citizens to complete university education: 30% of life expectancy of the population (example).
Theoretical social working years: 50% of the life expectancy of the population (example).
(Note: For example, the initial age of female workers is 75% of the life expectancy of the population (for example), and for each additional year of life expectancy of the population, the age of female workers will increase by 1% of the life expectancy of the population until it reaches 80% of the life expectancy of the population.) ）
(2) The worker's individual cumulative social working years have completed the standard social working years.
Standard years of social work: 45% of the life expectancy of the population (example).
Standard years of social service = theoretical years of social work - theoretical years of unemployment
Theoretical years of unemployment: 5% of the life expectancy of the population (example).
(3) The individual age of the worker has reached the age of termination of social work.
Termination of working age: 90% of life expectancy of the population (example)
(4) The personal age of the worker plus the period of receiving the pooled pension reaches the life expectancy of the population.
The period of receiving the pooled pension = 50% of the individual's cumulative social working years (example) + 50% of the number of years of receiving the pooled pension in advance (example) (- the number of years of receiving the pooled pension).
3. Postponement of the receipt of the pooled pension and early receipt of the pooled pension:
(1) If the cumulative number of years of social work of an individual worker exceeds the standard number of years of social work, he or she is entitled to the subsidy for the number of years of social work.
(2) After the individual age of the worker reaches the age of receiving the pooled pension, regardless of whether the individual citizen continues to participate in social labor, it is allowed to postpone the receipt of the pooled pension.
The time of postponement of receiving the pooled pension is recorded as the number of years of personal social work, and the period of postponement of the pooled pension is calculated cumulatively, and the subsidy for the postponement of the pooled pension is enjoyed.
(3) Workers who have engaged in special work and have not reached the age of starting to receive the pooled pension can receive the pooled pension in advance, and the number of years of receiving the pooled pension in advance shall be determined by the authorities at or above the county level.
The number of years of early receipt of the pooled pension: according to the degree of impact of engaging in special work on the life expectancy of the worker, the number of years that workers engaged in special work such as underground, low temperature, high temperature, high pressure, high magnetism, high altitude toxicity and harmful to health, and particularly heavy physical labor can receive the pooled pension in advance every year for 1 month, 1 and a half months, 2 months, 2 and a half months, 3 months, 3 and a half months, 4 months, 4 and a half months, 5 months, 5 and a half months, and 6 months (example)
(3 and a half months, 4 months, 4 and a half months, 5 months, 5 1/2 months, and 6 months for military personnel).
Female workers are entitled to one month (e.g.) of early payment of the pooled pension for each social service period.
The number of years of receiving the pooled pension in advance is cumulatively calculated.
4. Conditions for receiving personal account pensions: After the individual age of citizens reaches the age of receiving the overall pension, the individual is free to choose when to receive it.
Article 17 Enjoy the basic pension insurance benefits
Citizens enjoy the basic pension insurance benefits, when one of the following circumstances is met:
(1) The basic pension shall end after the death of the citizen.
(2) If an individual citizen receives a pooled pension after the end of the period of receiving the pooled pension, but the individual age is less than the average age of early death, the recipient of the pooled pension will reach the average age of early death.
Average age of premature death: 95% of life expectancy of the population (example). The average age at which citizens participating in social work die prematurely before the life expectancy of the population.
(3) The individual receiving the pooled pension is no longer engaged in social labor and is separated from the production materials.
(4) If an individual citizen continues or re-employs to participate in social labor, and receives a labor remuneration that is less than 45% of the average wage of local employees, he or she can receive a part of the overall pension, and the number of years of personal social work is not recorded.
Partial pooled pension = 45% of the average salary of local employees - labor remuneration
(5) The receipt of personal account pension ends when the individual's age reaches the life expectancy of the population after the personal account savings amount is distributed.
(6) When the total asset income of the individual exceeds a certain value, the individual can no longer receive the pooled pension or receive part of the pooled pension:
Partial pooled pension = (formula calculated) pooled pension × (1 - total personal asset income ÷ 45% of the average salary of local employees)
Total personal assets: other assets that do not include the per capita housing area of the local people.
Income from total personal assets = ratio of total personal assets × income from local assets
Local Asset to Income Ratio: Can be determined as the bank's deposit rate or other ratio.
(7) When an individual receiving a basic pension is sentenced to short-term detention or above, the payment shall be suspended.
(8) If an individual receiving a basic pension changes his or her Chinese nationality, he or she shall receive the balance of his personal account and the receipt of the basic pension shall be terminated.
(9) When there are other circumstances stipulated by laws and administrative regulations, the basic pension shall be suspended.
Article 18 Calculation and recalculation of basic pensions
The first paragraph according to the change in the average salary of local employees and the maintenance and appreciation of the investment and operation of the basic pension insurance fund, on July 1 of each year in accordance with the provisions of the third paragraph of Article 15 and the second paragraph of Article 16 and the provisions of Article 17, the basic pension of individual citizens shall be calculated and recalculated.
Paragraph 2 The basic pension received by citizens shall be reviewed and verified, and the recalculation of the basic pension shall be determined by the signature of the person.
The third paragraph of the basic pension insurance required parameters, coefficients to implement the current value of the immediate principle.
Article 19 Socialized management of basic old-age insurance relations
Paragraph 1 Citizens who receive basic pensions are collectively referred to as retired pensioners, and socialized management is implemented.
The second paragraph of the basic endowment insurance personal account files of individual citizens can be transferred with the household registration, the implementation of the individual's cumulative social work years, the social overall planning of the individual social pooling ratio, the personal account savings of the personal account deposits.
Paragraph 3 Where a worker participates in social work locally, across regions and industries, all the savings in his personal account shall be transferred to the personal account of the social insurance premium collection agency at the place of his household registration.
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2. Delete and amend the relevant provisions of the Social Insurance Law of the People's Republic of China:
1. Articles 20, 21 and 22 are deleted.
2. Article 64:
It is proposed to amend: "the basic pension insurance fund will gradually implement the national overall planning, and other social insurance funds will gradually implement the provincial overall planning, and the specific time and steps shall be prescribed by the State Council." "Revised to" the basic pension insurance fund to set up a pooled account and individual accounts, the basic pension insurance pooling account to implement the national pool, other social insurance funds to implement the provincial pool. ”
3. Description
1. Modify the relevant vocabulary
(1) Words related to basic endowment insurance: basic endowment insurance, social insurance agencies, social insurance premium collection agencies, payment base, payment ratio, social pooled payment, personal account payment, basic endowment insurance payment, basic endowment insurance fund, overall account, pay-as-you-go system, personal account, fund accumulation system, basic pension, old-age pension, overall pension, personal account pension, average salary of local employees, life expectancy of the population, retired pensioners, conditions for receiving basic pension, Enjoy the basic pension insurance benefits
In the place of household registration, separate calculation, segmented calculation, separate collection, unified payment, employer workers, self-employed workers without an employer, individual citizens, social pooling, personal accounts, standard social working years (theoretical social working years, theoretical unemployment years)
(2) Parameters related to old-age pensions: old-age pension percentage, age subsidy rate, labor subsidy rate, and standard old-age age
(3) Parameters related to the pooled pension: years of social service, individual cumulative years of social service, individual social pooling ratio, labor percentage, postponement of receiving the pooled pension subsidy rate, social working years subsidy, starting to receive the pooled pension age, early receipt of the pooled pension, postponement of the pooled pension period, period of receiving the pooled pension, termination of the social working age, adult age
(4) Parameters related to personal account pensions: personal account savings, investment rate of return
2. Modification of the substitution of several important words:
Replace "employee" with "worker"
Replace "statutory retirement age" with "starting pooled pension age"
Replace "scale" with "ratio"
Replace "self-paid wage index" with "individual social pooling ratio"
Replace "adjusted basic pension" with "recalculated basic pension"
Replace "retirement" with "receive a pooled pension"
Replace "contributions" with "social work"
Replace "years of contributions" and "deemed years of contributions" with "years of social service"
3. The setting parameters, parameter values and calculation formulas are proposed by the State Council and the people's deputies, and submitted to the National People's Congress for deliberation and approval, so that they have legal effect, and the set parameter values are divided into national parameter values and local parameter values, which are provided by the State Council in accordance with the national and regional economic conditions, so that the parameter values are legal, fair, reasonable, controllable, and operational.
4. According to the Legislation Law of the People's Republic of China as amended on March 13, 2023, it is hoped that the Standing Committee of the National People's Congress and the State Council and other relevant persons can pay attention to the "Design of the Whole Plan of China's Basic Pension Insurance System" and submit a bill to the National People's Congress.
This is a comprehensive, complete, quantitative, specific, detailed and understandable, controllable, open and transparent legal proposal for "comprehensively deepening the reform" of China's basic pension insurance system, and is no longer an enabling act. It is a unified Chinese basic old-age insurance system, which can easily replace the current (basic) old-age insurance "dual-track system" and "multi-track system", and narrow the income distribution gap in the social security system.
6. I also hope that everyone will put forward different constructive discussions and carry out a comprehensive deepening reform of China's basic pension insurance system.