Will social insurance be managed vertically by the central government?

Article 64, paragraph 3:

The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.

Therefore, the basic old-age insurance fund is gradually coordinated nationwide, and the other four social security funds are coordinated at the provincial level. This is the clear direction of the law.