When did the social security gap start?

Social security gap? This must refer to the fund. In layman's terms, it is to support retired people with pensions paid by current people. In recent years, the gradual improvement of "real personal account" has made a good start for alleviating this problem in the future. Social pooling funds and individual accounts are managed separately to ensure that everyone has a place to raise funds after reaching retirement age.

As for when to start, the reform of China's old-age insurance system began under the background of no fund accumulation, unsustainable self-paid pensions by enterprises and planned economy. Because there is no fund accumulation, there has been an intergenerational transfer of social insurance funds, that is, the pension insurance fees paid by on-the-job employees are used to pay the pensions of retirees. 1995 implemented the basic old-age insurance operation mode of "unified account combination", and established individual accounts. However, due to the joint management and operation of social pooling funds and individual account funds, pay-as-you-go is implemented. The endowment insurance funds collected in the current period, including individual account funds, are used to pay the pensions of retirees in the current period. When the income is not enough, the overall fund seriously squeezes the funds in the personal account, and the personal account becomes an empty account in name only, and the personal account statement printed to employees becomes a dead letter. According to statistics, by the end of 2005, the operating scale of individual accounts of social endowment insurance in China has exceeded 740 billion yuan, and it is constantly expanding with the annual scale of 654.38+000 billion yuan. Experts estimate that if left unchecked, by the peak of population aging in 2033, the current pension payment gap will reach more than 440 billion yuan, and the empty account will be as high as 14 trillion yuan.

Personal account fund of endowment insurance is a sum of endowment money specially saved by employees for their own pension, which can only be enjoyed monthly until retirement age, and it is also an important basis for calculating pension benefits. The importance of personal accounts to employees is self-evident. Once the individual account fund is squeezed by the overall fund, it will definitely affect the timely payment of pensions, as well as the life stability and social stability of retired workers.

After the establishment of individual accounts, social pooling funds and individual account funds are separately collected, run independently and do not occupy each other. The overall fund is used to pay the current pension, and the personal account fund is stored and accumulated, which realizes the fundamental transformation of the personal account fund from empty to real. It is reported that from 200 1 to the end of 2005, Liaoning province has implemented a personal account fund of 20 1 100 million yuan.