What are the problems in China's social security?

The main problems in China's social security system;

1, the system is not unified;

2. The overall planning level is low;

3, the coverage is small;

4. High execution cost;

5. Social insurance has a thin foundation and many obstacles.

Improvement measures:

1, unified system.

China's social security system should be unified as soon as possible from the aspects of security object, security content and collection (tax) ratio.

2, tax to ensure basic security, national unified revenue and expenditure.

The unified collection and expenditure of social security funds across the country is the premise and foundation of the unified system. Without the unified collection and expenditure of basic pensions and other guarantees, it will be difficult to achieve system unification. Because of the differences in economic level, financial situation and population structure in different regions, if local basic security is self-supporting, local governments are inevitably required to formulate corresponding policies to ensure the needs of local security. In order to realize the unified income and expenditure of the basic old-age security, a compulsory redistribution system based on taxation should be established.

3. Expand coverage.

The social security system should ensure that the social security funds collected in the form of state taxes can benefit all citizens, so that all citizens can "enjoy" the social security provided by the state now or in the future.

4, cut off the social security contact between units and individuals, and restrict and encourage citizens to establish personal social security accounts.

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