Does the reduction of social security rate have an impact on pensions?

The social security premium rate has been lowered since May 1, and the contribution ratio of employees' pension insurance units has been lowered to 16%. So, does the reduction of social security rate have an impact on pensions? Will it affect the payment of pensions? Today, Kiki focuses on answering these two questions for everyone, hoping to help everyone.

Does the reduction of social security rate have an impact on pensions?

The reduction of social security rate is actually a reduction in the proportion of enterprise pension insurance contributions. Other things being equal, the reduction of social security rate will definitely reduce the pension received in the future.

Will the reduction of social security rate affect pension payment?

The central government will continue to increase financial subsidies, increase the central adjustment ratio of the basic old-age insurance fund for enterprise employees, and help these areas ensure that pensions are paid in full and on time after the rate is reduced.

The overall income of the national pension insurance fund exceeds the expenditure, and the accumulated balance keeps growing, which will not cause the risk of pension payment on the whole and will not affect the timely and full payment of pensions.

Generally speaking, the reduction of social security rate will not affect the payment of pensions. This adjustment is made on the premise of not affecting employees' pension benefits and ensuring that pensions are paid in full and on time, so there is no need to worry that pensions will be affected.