Civil servant social insurance merger rules

As a relevant staff member, my answer is as follows:

First, let's learn about the current situation of providing for the aged in China. At present, China's pension system is dual-track: that is, the collection, retirement approval, pension payment and standards of enterprise employees are the responsibility of the enterprise insurance department under the human and social departments, the collection and pension payment of government agencies and institutions are the responsibility of the financial department, and the retirement approval is the responsibility of the organization department and the civil service bureau under the human and social departments. At present, the pension replacement rate (the proportion of pension to pre-retirement salary) of employees in government agencies and enterprises is different, that is, employees in government agencies and enterprises can get 80% to 90% of on-the-job salary after retirement, while employees in enterprises can only get 40% to 60% of on-the-job salary after retirement, which is very different.

Second, on the integration of civil servants' pensions. Literally, it can be understood that it is to change the current dual-track system of enterprises and institutions and implement the merger, that is, the payment, retirement approval, pension payment and standard unified management of both civil servants and enterprise employees, mainly to bring the old-age insurance of civil servants into the social old-age insurance system. After the merger, the pension insurance systems of the two departments will be consistent in system, mode and payment formula. Due to historical reasons, at present, the pensions of civil servants and fully funded institutions are all paid by the state and local finance.

Third, about the time and follow-up work of the merger. The merger reform began in 2008 and will be implemented this year, but relevant personnel in Ministry of Human Resources and Social Security said that the merger plan is still under discussion. In the 20 14 government work report, Li Keqiang, Premier of the State Council of the People's Republic of China clearly stated that "a unified basic old-age insurance system for urban and rural residents should be established, the method of connecting with the old-age insurance for employees should be improved, the old-age insurance system for government agencies and institutions should be reformed, and the development of enterprise annuities, occupational annuities and commercial insurance should be encouraged".

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.