"Delayed retirement" is really to solve the social security fund shortfall?

Delaying retirement will help make up for the pension deficit and ease the pressure on pensions, but at the same time we should also see that extending the retirement age has a bearing on people's livelihoods and the interests of every retiree, and must take into account the interests of all parties, and strive to be prudent.

For low- and middle-income people, their wages are often deducted from the social security payments and tax payments, the actual income left in hand, the money has to be used to live, pay mortgages, provide for the elderly and educate their children and so on. There are also a lot of laid-off workers, they are forty or fifty years old, because of various reasons, it is difficult to re-employment, looking forward to the statutory retirement age can get a pension, the policy once adjusted, they will undoubtedly suffer a huge blow.

Delayed retirement for the impact of employment issues can not be ignored. It should be said that a large proportion of new jobs in China each year from the replacement of retirees, and in the short term, China's overall labor supply is greater than the demand for the situation will not change, if the delayed retirement, will lead to a reduction in jobs, will make a large number of young people can not enter the labor market, to the employment of enormous pressure.

To solve the problem of pension funding gap, we should not simply rely solely on the administrative means of delaying retirement, but should take multiple measures. First of all, the competent authorities should fully manage the social payment of pensions, the use of market-oriented means to realize the value of pensions, enhance the blood function, to meet the public's retirement needs; secondly, you can implement an indirect fiscal transfer in the tax policy, increase the investment in the social pensions, or state-owned enterprises to make up for the lack of the pension capital with the profit, to expand the scale of the pensions; thirdly, to realize the country-wide pension co-ordination, to make up for the shortfall in the pension capital. The third is to realize the nationwide pension coordination, to make up for the pension fund gap in individual areas.

If you really want to delay the retirement age, there should be a series of systems and sufficient system dividends to cover the bottom, should not let the delay suffer. For example, the implementation of flexible retirement system, the provisions of normal retirement, early retirement and over-age retirement benefit differences. Because delayed retirement from another perspective, means that the working time and workload is extended, individuals create more value, in accordance with the principle of reciprocity, the contribution is large, the return should be given to increase the proportion of post-retirement salary should also be increased.

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