The payment period of endowment insurance is extended to 20 years.

The topic of delaying retirement has been hotly debated by everyone. Judging from the current pension policy, it is natural to delay the statutory retirement age.

Recently, new progress has been made in delaying retirement. Many places have issued opinions on implementing the reform of gradually delaying the statutory retirement age, and many enterprises have also been invited to express their opinions. It can be seen that the introduction of the delayed retirement policy, whether large enterprises or small and medium-sized enterprises, must have a certain right to speak, so delaying retirement is related to everyone's vital interests. Only by weighing the pros and cons, delaying retirement will be easily accepted by everyone.

Delayed retirement has made new progress, which can be said to be closely related to each of us, because each of us should be clear about why delayed retirement should be introduced in the current state. Why do experts suggest that the payment period of endowment insurance be extended to 20 or 25 years? Finally didn't let us down. Experts also listed some data. After reading it, I realized that delaying retirement is of great significance.

On July 28th, Zheng Bingwen, director of the World Social Security Research Center of China Academy of Social Sciences, said that increasing the participation rate, delaying retirement, liberalizing the three children and developing a multi-level and multi-pillar pension insurance system are all effective measures to improve the financial sustainability of the pension insurance system.

Let's take a look at the impact of delayed retirement and non-delayed retirement on institutional expenditure.

Delayed retirement has made new progress. Judging from the income and expenditure of pension, delaying retirement can reduce the expenditure of pension and increase the income of pension.

Let's look at a set of data. If retirement is not postponed in 2050, the expenditure will reach one trillion yuan, but if retirement is postponed, it will only be one trillion yuan. If we postpone retirement, we will spend 7 trillion less than if we don't postpone retirement, accounting for one percentage point of GDP. Therefore, delaying retirement and not delaying retirement have a great impact on expenditure.

Let's take a look at the impact of delayed retirement and non-delayed retirement on institutional income.

If retirement is not delayed, the institutional income in 2050 will be one trillion yuan, but if retirement is delayed, the institutional income can be increased to one trillion yuan, and the proportion of GDP has never been delayed. Judging from the above data, the implementation of delayed retirement is of great significance. Now the population is aging, young people are reluctant to have two or three children, the young labor force is decreasing year by year, and the willingness to participate in social security is not strong. In order to ensure the smooth operation of the old-age insurance system, it is also inevitable to delay retirement. However, delaying retirement is also linked to everyone's interests. Heavy manual workers don't want to postpone retirement, while white-collar workers who sit in offices and blow air conditioners every day are more willing to postpone retirement. Therefore, from different angles, the answer to delaying retirement is completely different.

Not only did retirement be delayed, but the minimum payment period of old-age insurance was also changed from 15 to 20 or 25 years. This is no joke, because the average life expectancy is increasing. As far as the current medical level and the quality of life of ordinary people are concerned, the average life expectancy has increased to 20 years. Considering the pressure of pension payment, it is only a matter of time before the minimum payment period of pension insurance is raised to 20 or 25 years.

But then again, the implementation of delayed retirement is inseparable from the masses, and the actual situation of different groups will definitely be fully considered, so it will be a long process. Although it is clearly stated in the "14th Five-Year Plan" that the gradual legal retirement age should be implemented, there is no clear plan, so there is really no need to worry about delaying retirement after 60 s and 70 s, but the post-80 s and 90 s will definitely catch up with the delayed retirement, but there is still a long time to retire.

In a word, I personally think what the experts said is very reasonable. Listing data and delaying retirement are important measures to ensure the smooth operation of the nursing home system, and we should gladly accept delayed retirement.