What does social insurance consolidation mean

Social insurance consolidation refers to the merging of different types of social insurance systems into a comprehensive social insurance system. This comprehensive social insurance system can better meet the protection needs of different groups, break the data silos of the "granular" insurance system, reduce the burden of duplicate insurance and social security costs, and enhance the level of protection and fairness.

The merger of social insurance must first follow the principle of "policy and planning, unified fund and rights and responsibilities **** share, management and service integration" to ensure that the merged system is simple and efficient. Secondly, the relationship between rights and responsibilities under the various insurance systems, the calculation of ratios, and the rules for receiving pensions at different levels should be carefully scrutinized to ensure that equity and affordability are taken into account.

The social insurance merger plan marks a new stage in the reform of China's social security system. Means such as mending shortcomings with system innovation at the core, strengthening the construction of think tanks in the field of social security industry, bringing together the wisdom of all parties, and based on the application of big data need to be adopted to comprehensively improve the capacity of social security services, enhance the level of governance in the industry, and lay a solid foundation for the construction of a new pattern of social security system.