The national overall plan for basic old-age insurance will be implemented from January

2022-02-24

The reporter learned from the Ministry of human resources and social security on the 22nd that the national overall planning of basic endowment insurance has been implemented in January. After the implementation of the system, the current balance and shortage of inter regional pension insurance funds will be adjusted nationwide, which solves the structural contradiction of the fund from the system, and the pension payment in difficult areas will be more guaranteed. Since the establishment of China's old-age insurance system in the 1990s, it has started from the overall planning at the county level and gradually improved the overall planning level. In July 2018, China established and implemented the fund central adjustment system, taking the first step of national overall planning. During the four years since the implementation of the central adjustment system from 2018 to 2021, a total of more than 600 billion yuan has been transferred across provinces, of which the scale of inter provincial adjustment reached more than 210 billion yuan in 2021, which appropriately balanced the burden of inter provincial endowment insurance funds. According to the data, by the end of 2021, the number of people participating in basic old-age insurance in China had reached 1.03 billion. (reporter Li Xinping) (outlook new era)

Edit:Luo yu    Responsible editor:Wang er dong

Source:people.cn

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