What is the impact of retirement policy on the pension insurance system

Retirement policy has an important impact on the pension insurance system, which can promote the sustainable development of the pension insurance system and better protect the rights and interests of retirees through the adjustment and improvement of social security contribution period and other factors.

With the aging of the population, the retirement policy has an increasing impact on the pension insurance system. On the one hand, the retirement policy's adjustment of factors such as the number of years of social security contributions will have a direct impact on the standard of pension insurance contributions and receipts. If the policy is too harsh, it may lead to some people not being able to meet the receiving standard, thus affecting their quality of life after retirement; if the policy is too lenient, it may lead to the expansion of the gap of the pension insurance fund, making the pension insurance system unsustainable. On the other hand, the retirement policy will also have an impact on the investment direction of pension insurance. If the retirement policy is steady and pragmatic, focusing on improving the investment yield of the pension insurance fund, it will help to increase the income of the pension insurance fund and maintain the sound operation of the pension insurance fund; if the retirement policy is too adventurous or lack of science, it will have a negative impact on the investment of the pension insurance fund.

What are the specific adjustment measures of retirement policy to the pension insurance system? The adjustment measures of the retirement policy on the pension insurance system include: the adjustment of the contribution period and the contribution ratio, etc., the increase of the pension insurance treatment level, the establishment of the personal account system, and the development of inter-provincial transfer of pensions. In addition, the government is constantly improving related policies, such as encouraging enterprises to set up supplementary pension insurance plans and carrying out actuarial work on pension insurance.

Retirement policy and the pension insurance system are closely related. Persisting in reform and innovation and continuously improving retirement policy will help promote the sustainable development of the pension insurance system and better protect the welfare and rights of the elderly. In practice, the government, enterprises and individuals should strive to promote the development of retirement policy and the pension insurance system,**** contributing together to the building of a harmonious society.

Legal basis:

Article 1 of the Provisional Measures on the Retirement and Retirement of Workers, Article 1 Workers of enterprises and institutions under universal ownership, as well as those of state organs and people's organizations, who meet one of the following conditions should retire: (1) Men who have reached the age of sixty and women who have reached the age of fifty, with ten years of continuous service. (b) Workers who are engaged in underground, high-altitude, high-temperature, particularly heavy physical labor or other work harmful to their health shall retire if they have reached the age of fifty-five for men and forty-five for women, and have completed ten years of continuous service. The provisions of this subparagraph also apply to basic cadres whose working conditions are the same as those of workers. (c) Men who have reached the age of fifty and women who have reached the age of forty-five, with ten years of continuous service, and who have been certified by a hospital and confirmed by a labor appraisal committee to be totally incapacitated for work. (D) Work-related disability, certified by the hospital and confirmed by the Labor Appraisal Committee, total loss of working capacity.