Reform of endowment insurance system 20 14

Decision of the State Council on Establishing a Unified Basic Old-age Insurance System for Enterprise Employees (1July 997 16) In recent years, according to the requirements of the Notice of the State Council on Deepening the Reform of the Old-age Insurance System for Enterprise Employees (Guo Fa [1995] No.6), We have formulated a reform plan for the old-age insurance system that combines social pooling with personal accounts, and established personal accounts for employees' basic old-age insurance, which has promoted the formation of a new old-age insurance mechanism, guaranteed the basic livelihood of retirees, and made new progress in the reform of the old-age insurance system for enterprise employees. However, because this reform is still in the pilot stage, there are still some problems such as the disunity of the basic old-age insurance system, the heavy burden on enterprises, the low level of overall planning and the imperfect management system. We should further accelerate the pace of reform and establish a unified basic old-age insurance system for enterprise employees in accordance with the objectives and principles of promoting healthy economic and social development put forward by the CPC Central Committee and the State Council. To this end, the State Council made the following decisions on the basis of summing up the pilot experience of reform in recent years: First, by the end of this century, an old-age insurance system should be basically established, which meets the requirements of the socialist market economic system, applies to employees and individual workers of various enterprises in cities and towns, has multi-channel sources of funds, multi-level guarantee methods, combines social pooling with individual accounts, and has corresponding rights and obligations and socialized management services. The old-age insurance for enterprise employees should implement the principles of combining social mutual aid with self-protection, combining fairness with efficiency, and separating administrative management from fund management. The level of protection should be compatible with the development level of social productive forces and the affordability of all aspects in China. Second, people's governments at all levels should incorporate social insurance into the local national economic and social development plan, implement the principle that basic old-age insurance can only guarantee the basic livelihood of retirees, closely combine the reform of the old-age insurance system for enterprise employees with the establishment of a multi-level social security system, ensure the payment of basic pensions for retirees and unemployment benefits for unemployed people, and actively promote the minimum living security system for urban residents. In order to improve the life of retirees with the development of economy and society, embody the principle of distribution according to work, and reflect the differences between regional development levels and economic benefits of enterprises, all regions and relevant departments should vigorously develop supplementary endowment insurance for enterprises under the guidance of national policies, and at the same time give play to the supplementary role of commercial insurance. Three, the proportion of enterprises to pay the basic old-age insurance premiums (hereinafter referred to as enterprise contributions), generally not more than 20% of the total wages of enterprises (including the part included in personal accounts), the specific proportion is determined by the people's governments of provinces, autonomous regions and municipalities directly under the central government. A few provinces, autonomous regions and municipalities directly under the Central Government should report to the Ministry of Labor and the Ministry of Finance for approval if it is really necessary to exceed 20% of the total wages of enterprises because of the large number of retirees and the heavy burden of endowment insurance. The proportion of basic old-age insurance premiums paid by individuals (hereinafter referred to as individual contributions) shall not be less than 4% of my contributions in 1997, and shall increase by 1 percentage point every two years from 1998, and finally reach 8% of my contributions. In areas where conditions permit and in years when wages increase rapidly, the growth rate of individual contributions should be appropriately accelerated. Four, according to the amount of 165438+ 0% of my salary, establish a personal account for the basic old-age insurance for employees, all the personal contributions will be credited to the personal account, and the rest will be included in the enterprise contributions. With the increase of the proportion of individual contributions, the share of enterprises should be gradually reduced to 3%. For deposits in personal accounts, the interest shall be calculated with reference to the bank deposit rate for the same period every year. Personal account storage is only used for employee pension, and may not be withdrawn in advance. When employees are transferred, all personal accounts will be transferred. When an employee or retiree dies, the individual contributions in the individual account can be inherited. Five, after the implementation of this decision to participate in the work of employees, personal payment period accumulated over 05 years, after retirement to a monthly basic pension. Basic pension consists of basic pension and personal account pension. When retiring, the monthly standard of basic pension is 20% of the average monthly salary of employees in provinces, autonomous regions, municipalities directly under the Central Government or prefectures (cities), and the monthly standard of personal account pension is the amount stored in my account divided by 120. If the individual payment period is less than 15 years, he will not enjoy the basic pension after retirement, and the amount stored in his personal account will be paid to him in one lump sum. Those who have retired before the implementation of this decision will still be given pensions according to the original provisions of the state, and the pension adjustment measures will be implemented at the same time. All regions and relevant departments should further improve the normal adjustment mechanism of basic pensions in accordance with state regulations and conscientiously implement them. If you have worked before the implementation of this decision, retired after the implementation, and the individual payment and deemed payment period have accumulated more than 15 years, according to the principle of smooth connection between the old and new methods and basic balance of treatment level, on the basis of basic pension and personal account pension, transitional pension will be given, and the transitional pension will be solved from the endowment insurance fund. Specific measures shall be formulated and implemented by the Ministry of Labor in conjunction with relevant departments. Six, to further expand the coverage of old-age insurance, the basic old-age insurance system should be gradually extended to all enterprises and their employees in cities and towns. Individual workers in cities and towns should also gradually implement the basic old-age insurance system, and their payment ratio and treatment level shall be determined by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government with reference to the spirit of this decision. Seven, pay close attention to the development of enterprise employees pension insurance fund management regulations, strengthen the management of pension insurance fund. The basic old-age insurance fund shall be managed by two lines of revenue and expenditure, which shall be used exclusively for employee old-age insurance, and misappropriation and extravagance are strictly prohibited. The balance of funds shall be purchased in full and deposited in a special account, except for 2 months' payment expenses, and investment in other financial and business undertakings is strictly prohibited. Establish and improve the social insurance fund supervision institutions, and the financial and auditing departments should strengthen supervision according to law to ensure the safety of the fund. Eight, in order to help improve the overall level of the basic old-age insurance fund and strengthen macro-control, it is necessary to gradually transition from county-level overall planning to provincial or provincial authorized regional overall planning. After the national provincial-level overall planning is basically realized, the enterprises originally approved by the relevant departments and units in the State Council will participate in the social overall planning in this region. Nine, improve the socialization level of social insurance management services, change the current pension payment from enterprise to socialized payment as soon as possible, and actively create conditions to gradually shift the management services of enterprise retirees to society, so as to reduce the social affairs burden of enterprises. Social insurance institutions at all levels should further strengthen infrastructure construction, improve and perfect services and management, constantly improve work efficiency and service quality, and promote the reform of the old-age insurance system. Ten, the implementation of enterprise management institutions, in principle, in accordance with the implementation of enterprise pension insurance system. Establishing a unified basic old-age insurance system for enterprise employees is an important step to deepen the reform of social insurance system, which is related to the overall situation of reform, development and stability. All regions and relevant departments should attach great importance to it, earnestly strengthen leadership and carefully organize its implementation. The Ministry of Labor shall, jointly with the State Commission for Economic Restructuring and other relevant departments, strengthen work guidance, supervision and inspection, study and solve problems encountered in the work in a timely manner, and ensure the implementation of this decision.

Legal objectivity:

China municipal government vigorously promotes the construction of multi-level endowment insurance system. Conditional enterprises can establish enterprise annuities for their employees on the basis of participating in basic old-age insurance according to regulations. 2 1 The first two decades of the 20th century are a crucial period for the development of endowment insurance in China. The state continues to improve the basic old-age insurance system combining social pooling with individual accounts. China has entered an aging society with a fast aging speed and a large number of elderly people, and the aging population will reach its peak in the 1930s. In order to protect the basic livelihood of the elderly and safeguard their legitimate rights and interests, the China Municipal Government has continuously improved the old-age insurance system, reformed the fund-raising model, established a multi-level old-age insurance system, and strived to achieve the sustainable development of the old-age insurance system. Strengthen the construction of the basic old-age insurance system for urban employees and reform the basic old-age insurance system for urban enterprise employees. 65438-0997 China Municipal Government unified the national basic old-age insurance system for employees of urban enterprises, and combined social pooling with individual accounts. Enterprise employees who have reached the legal retirement age (60 years for male employees, 55 years for female cadres and 50 years for female employees) and have paid individual contributions for 15 years can receive basic pension on a monthly basis after retirement. Basic pension is mainly composed of basic pension and personal account pension. The monthly standard of basic pension is equivalent to about 20% of the average monthly salary of local employees in the previous year, and the monthly standard of personal account pension is1120 of the accumulated amount in my personal account (the proportion is 1 1% of my salary). The state adjusts the basic pension level with reference to the price index of urban residents' living expenses and the wage increase of employees. In 2003, the average monthly basic pension for enterprise retirees was 62 1 yuan. Expand the coverage of basic old-age insurance. China's basic old-age insurance initially only covered state-owned enterprises and urban collective enterprises and their employees. From 65438 to 0999, China extended the coverage of basic old-age insurance to foreign-invested enterprises, urban private enterprises and other urban enterprises and their employees. Provinces, autonomous regions and municipalities directly under the central government may, according to local actual conditions, stipulate that urban individual industrial and commercial households should be included in the basic old-age insurance. In 2002, China extended the coverage of basic old-age insurance to urban flexible employees. In 2003, the number of people participating in the basic old-age insurance in China reached155.06 million, including116.46 million employees. We will carry out pilot reforms to improve the basic old-age insurance system. In 200 1 year, the Chinese government began to carry out pilot reforms to improve the basic old-age insurance system, mainly including: gradually establishing individual accounts, realizing partial fund accumulation, and exploring ways to preserve and increase the value of funds; Reform the method of calculating and distributing basic pension, and link the level of basic pension with the payment period of employees' insurance. After the insured payment is over 15 years, employees will be paid a certain proportion of basic pension for each additional year; Flexible employment unified insurance payment method, the payment base is unified as the average wage of local employees, and the payment ratio is unified as 20%. On the basis of the pilot project in Liaoning Province, the scope of the pilot project was extended to Jilin Province and Heilongjiang Province in 2004. Explore the reform of the retirement system of government agencies and institutions. The staff of state organs and institutions in China implement a retirement pension system different from that of enterprises. In 2003, there were 670,000 retirees in government agencies and institutions, with 93 1 10,000 retirees. Since the 1990s, some regions have begun to explore the reform of the retirement system of government agencies and institutions, and launched a pilot reform of social pooling of retirement fees. By the end of 2003, there were11990,000 employees and 2.58 million retirees participating in the pilot project of social overall planning. Multi-channel financing of basic old-age insurance Under the background of accelerating population aging and increasing retirees, the payment pressure of basic old-age insurance fund in China is increasing. In order to ensure that the basic pension is paid in full and on time, the China Municipal Government raises the basic pension insurance fund through various channels. Enterprises and employees should pay together. Generally speaking, enterprise contributions shall not exceed 20% of the total wages of the enterprise, and the specific proportion shall be determined by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government; Employees pay 8% of their wages. Urban individual industrial and commercial households and flexible employees participate in the basic old-age insurance, and individuals pay about 18% of the local average wage. In 2003, the total income from the collection of basic old-age insurance for enterprises nationwide was 259.5 billion yuan. Increase financial subsidies to the basic old-age insurance fund. The state stipulates that governments at all levels should intensify the structural adjustment of fiscal expenditure and increase the input of social security. In 2003, financial subsidies to the basic old-age insurance fund at all levels reached 54.4 billion yuan, including 47.4 billion yuan from the central government. Establish a national social security fund. In 2000, the government of China decided to set up a national social security fund. The sources of the national social security fund include: funds transferred from the reduction of state-owned shares and equity assets, funds transferred from the central government, funds raised by other means approved by the State Council, and investment income. The National Social Security Fund is managed by the National Social Security Fund Council, and operates in a market-oriented manner according to the procedures and conditions stipulated in the Interim Measures for the Investment Management of National Social Security Funds. The national social security fund is an important financial reserve for implementing social security such as endowment insurance. By the end of 2003, it had accumulated more than 654.38+30 million yuan. Promote the socialization of endowment insurance management services; In the past, enterprises in China had to bear the basic pension payment and personnel management of their retirees. In order to ensure that the basic pension for retirees is paid in full and on time, and to reduce the burden of corporate social affairs, the government actively promotes the socialized payment of basic pensions. By the end of 2003, the basic pensions of enterprise retirees were all socialized, and 84.5% of enterprise retirees realized socialized management services. In order to improve the management level of social insurance in an all-round way, and meet the needs of the continuity of social insurance relations in the labor transfer and flow, the China Municipal Government began to implement the "Golden Insurance Project" in 2003, with the goal of realizing the nationwide computer networking operation of social insurance information. At present, the central and provincial networking of endowment insurance information has been initially realized. Establishing a Multi-level Endowment Insurance System In recent years, the China Municipal Government has vigorously promoted the construction of a multi-level endowment insurance system. Conditional enterprises can establish enterprise annuities for their employees on the basis of participating in basic old-age insurance according to regulations. The enterprise annuity expenses are paid jointly by the enterprise and individual employees, and the fund is fully accumulated and managed by individual accounts. Enterprise annuity funds shall be managed and operated in a market-oriented way. In 2003, nearly 7 million people participated in the enterprise annuity plan. In addition, the state also encourages the development of personal savings pension insurance. 2 1 The first two decades of the 20th century are a crucial period for the development of endowment insurance in China. The state continues to improve the basic old-age insurance system combining social pooling with individual accounts, and gradually implements individual accounts. All eligible urban workers will be included in the basic old-age insurance. Establish and improve the provincial endowment insurance swap fund, and gradually implement provincial overall planning on the basis of improving municipal overall planning. Establishing a Multi-level Endowment Insurance System In recent years, the China Municipal Government has vigorously promoted the construction of a multi-level endowment insurance system. Conditional enterprises can establish enterprise annuities for their employees on the basis of participating in basic old-age insurance according to regulations. The enterprise annuity expenses are paid jointly by the enterprise and individual employees, and the fund is fully accumulated and managed by individual accounts. Enterprise annuity funds shall be managed and operated in a market-oriented way. In 2003, nearly 7 million people participated in the enterprise annuity plan. In addition, the state also encourages the development of personal savings pension insurance. 2 1 The first two decades of the 20th century are a crucial period for the development of endowment insurance in China. The state continues to improve the basic old-age insurance system combining social pooling with individual accounts, and gradually implements individual accounts. All eligible urban workers will be included in the basic old-age insurance. Establish and improve the provincial endowment insurance swap fund, and gradually implement provincial overall planning on the basis of improving municipal overall planning.