Ministry of Human Resources and Social Security： China can ensure that pensions are paid in full and on time.

　 　　　Cctv newsOn February 26th, the State Council held a press conference on employment and social security. In response to a reporter’s question, Zhang Jinan, Minister of Ministry of Human Resources and Social Security, said that last year, social insurance premiums were reduced or exempted by 1.54 trillion yuan, and pensions accounted for 1.33 trillion yuan, which played an important role in easing the pressure of enterprises’ operation and stabilizing employment, but it also had a certain impact on pensions, and there were a few provinces with greater pressure on pensions. Therefore, Ministry of Human Resources and Social Security has taken corresponding measures.

　　First, comprehensively start the provincial pension funds to collect and support, and strengthen the balance and scheduling among funds within the province. At the end of last year, all provinces in China, including Xinjiang Production and Construction Corps, realized the unified collection and expenditure of provincial pension funds.

　　The second is to increase the central adjustment of funds. Last year, the proportion of central adjustment of enterprise pensions increased from 3.5% to 4%, and the total scale of annual adjustment funds reached 740 billion yuan, and the inter-provincial adjustment funds reached 176.8 billion yuan. It is the provincial pension funds collected according to a certain proportion. According to the feedback of the number of people who pay pensions in each province, it can play a regulating role for the provinces with heavy burden of pension funds.

　　The third is to establish a regular scheduling mechanism to ensure timely delivery. Pay close attention to the specific situation of each place and dispatch it in time. Last year, some pension fund reserves were also used. Through the above measures, not only did the pension be paid in full and on time last year, but it also continued to improve the level of pension payment, with 120 million people benefiting.

　　Zhang Jinan pointed out that there are five aspects about whether pensions can be paid in full and on time in the future. First, the current period can be balanced. After the current income and expenditure of the pension fund break even, there is still a slight balance. In 2019, the current balance was more than 340 billion yuan. After the normal collection of endowment insurance is resumed this year, it is predicted that there will be a slight balance after the income and expenditure break even. Second, history has accumulated. After accumulating a part of it, there is still a cumulative balance of 4.7 trillion yuan. Third, there are financial subsidies. The central government’s subsidies to pension funds continued to increase, reaching more than 580 billion yuan last year, with emphasis on the western region and old industrial bases. Fourth, there are channels for adding value. The scale of investment and operation of the remaining pension funds is constantly expanding, and the current entrusted funds have reached 1.2 trillion yuan. On the premise of ensuring the safety of the fund, it has realized the preservation and appreciation. Fifth, there are reserves in the long run. The rights and interests of the national social security strategic reserve fund have reached 2.4 trillion yuan, compared with 20 billion yuan when it was established in 2000. By allocating some state-owned assets, this fund is still being enriched and expanded. In addition, on the basis of provincial overall planning, we are also speeding up the research and implementation of national overall planning of endowment insurance, which will further improve the anti-risk ability of pension funds. In short, Ministry of Human Resources and Social Security can ensure that pensions are paid in full and on time.