Where does the "pension money" come from? How to raise? This is related to everyone's happiness in their old age.
The "14th Five-Year Plan" has a clear outline to develop a multi-level and multi-pillar pension insurance system, increase the coverage of corporate annuities, and standardize the development of the third-pillar pension insurance. What is the multi-level and multi-pillar pension insurance system? What is the focus of future efforts? What impact will it have on people's lives?
Build a multi-level pension insurance system
"The monthly pension money has risen again!" Since the beginning of this year, many provinces and regions including Jiangsu, Shandong, Gansu, and Fujian have raised their pension insurance benefits for urban and rural residents. Pensions have risen year after year, benefiting hundreds of millions of retirees.
"The enterprise annuity paid now can be turned into real money and silver pension income after retirement, and the benefits are good." The reporter learned in the interview that with the introduction of tax cuts and fee reductions in recent years, some companies will save costs. Turned into corporate annuity benefits, so that employees feel the benefits of real benefits.
"How about commercial pension insurance? Can I prepare more pension money?" A few years ago, the pilot of personal tax deferred commercial pension insurance was launched, and many people turned their attention to individual-led savings pension insurance and Commercial pension insurance.
With the deepening of China's population aging, pension insurance has become an issue that everyone and every family care about. In recent years, the continuous enrichment and improvement of policies have also brought more elderly care options into people's vision.
It is understood that a three-pillar endowment insurance system in which the state, unit, and individual share endowment responsibilities is widely adopted internationally. In China, the first pillar is basic pension insurance, the second pillar is enterprise annuities and occupational annuities, and the third pillar includes personal savings pension insurance and commercial pension insurance.
“The three-pillar pension insurance system has its own focus in terms of its functions.” Dong Dengxin, director of the Institute of Financial Securities of Wuhan University of Science and Technology, told this reporter that the goal of the first pillar is to ensure the national basic pension income and prevent poverty in the elderly. The bottom-line guarantee for the bottom line; the second pillar currently mainly faces people with stable occupations and incomes, and the goal is to increase employee pension income; the third pillar is market-oriented independent pension options, which aims to strengthen self-protection capabilities and increase through long-term investment Pension savings.
After years of stable development, China has established the world’s largest pension insurance system covering the population. The "14th Five-Year Plan" outline clearly defines the development of a multi-level and multi-pillar pension insurance system, which is considered an important historical window period and will play an important role in improving the pension system.
"The establishment of a multi-level pension insurance system is an important measure to actively respond to the aging of the population and promote the sustainable development of the pension insurance system. International experience also shows that the multi-level pension insurance system is more risk-controllable and sustainable. "You Jun, deputy minister of the Ministry of Human Resources and Social Security, said earlier.