How big is the pension fund gap in China now?

Judging from the figures published at present, there should be no gap in China's endowment insurance fund.

First, there is no gap in the basic endowment insurance fund for urban employees as a whole.

The basic old-age insurance for urban workers includes the basic old-age insurance for enterprise employees and the old-age insurance for institutions. According to 20 19 statistical bulletin on the development of human resources and social security:

The annual income of the basic old-age insurance fund for urban workers is 529,654.38+0.9 billion yuan, and the fund expenditure is 4,922.8 billion yuan. At the end of the year, the accumulated balance of the basic old-age insurance fund for urban employees was 5,462.3 billion yuan.

It can be seen that the income of the basic endowment insurance fund for urban employees is greater than the expenditure, and there is still a large balance. The balance (5.46 trillion) is enough for one year's insurance fund expenditure.

Second, there is no gap in the basic endowment insurance fund for enterprise employees.

On June 28th, 2020 10, at the routine briefing on the policy of stabilizing employment and reducing social insurance premiums in the State Council held by the State Council Office, the relevant leaders of Ministry of Human Resources and Social Security provided the following data when answering a reporter's question:

By the end of September, the three social insurance exemptions and reductions had reduced the cost of enterprises by1204.5 billion yuan, of which the cost of endowment insurance was1kloc-0/4 billion yuan, accounting for 84 1%.

From the actual situation of the operation of the enterprise pension insurance fund, under the strong leadership of the CPC Central Committee and the State Council, due to our scientific prevention and control of the COVID-19 epidemic and rapid resumption of work and production, the operation of the enterprise pension insurance fund stood the test in the first three quarters, which was generally stable and even better than expected. By the end of September, the number of employees insured was 286.35 million, an increase of 4. 1% over the end of last year. The number of retirees 10659 million, an increase of 2.5% over the end of last year. From the perspective of fund revenue and expenditure, the total income is 2. 1 trillion yuan, the total expenditure is 2.8 trillion yuan, and the accumulated balance of the fund is 4.5 trillion yuan. It can be seen that, on the whole, the issuance of insurance still has a relatively solid material foundation, and the current problem is mainly the structural contradiction between provinces.

As can be seen from the above data, the fund situation of basic endowment insurance for enterprise employees is also good, and there is no gap. Despite the impact of the COVID-19 epidemic in COVID-19 in 2020,

In the first three quarters, the expenditure on endowment insurance was greater than the income (the expenditure was 2.8 trillion yuan and the income was 2. 1 trillion yuan), but the accumulated balance of the fund was still 4.5 trillion yuan, which was enough for the fund to spend more than one year. 202 1 After the normal collection of old-age insurance premiums is resumed, the basic old-age insurance fund for enterprise employees will be more secure.

In addition, the state has now begun to transfer some state-owned capital to enrich the social security fund, which will make the basic old-age insurance fund for enterprise employees even more profitable.

Third, there is no gap in the basic endowment insurance fund for urban and rural residents.

According to the statistical bulletin on the development of human resources and social security in 20 19, the annual income of the basic endowment insurance fund for urban and rural residents is 4 107 billion yuan, and the fund expenditure is 311400 million yuan. At the end of the year, the accumulated balance of the basic endowment insurance fund for urban and rural residents was 824.9 billion yuan.

The data of 20 18 shows that the annual income of the basic old-age insurance fund for urban and rural residents is 383.8 billion yuan, and the fund expenditure is 290.6 billion yuan. At the end of the year, the accumulated balance of the basic endowment insurance fund for urban and rural residents was 725 billion yuan.

From the comparison of the above data, it can be seen that the fund income is greater than the fund expenditure, and the accumulated balance of the fund has increased. The balance in 20 19 is 99.9 billion yuan more than that in 20 18. The accumulated balance of the fund is enough for two and a half years' expenditure.

Based on the above situation, there should be no gap in China's pension insurance fund, which is enough to ensure the payment of pensions. If there is a gap, it may be that there is a certain gap in the endowment insurance fund of government agencies and institutions, because the endowment insurance system has just been established and has not been paid before, and it is normal to have a certain gap. However, before the establishment of the old-age insurance system, the pensions of staff in government agencies and institutions were also guaranteed by financial funds. From the perspective of financial funds, there is no pressure on the payment of funds. With the improvement of the endowment insurance system of government agencies and institutions, its fund expenditure has been guaranteed.

The above is my personal opinion. If there is anything wrong, please criticize and correct me. ?