How much does the country spend on social security every year?

The country's annual social security expenditure is 5.75 trillion yuan. The State Council held a press conference on employment and social security. The cover journalist learned from the press conference that in 2020, the total income of the basic pension, unemployment and industrial injury insurance funds was 5.02 trillion yuan, the total expenditure was 5.75 trillion yuan, and the accumulated balance was 6. 1.3 trillion yuan.

Basic policies of national social security

1 July, 9981later, they will participate in the basic old-age insurance and reach the retirement age stipulated by the state. Accumulated payment period includes deemed payment period. Those who reach 15 will participate in the basic old-age insurance before June 30, 1998, and reach the retirement age stipulated by the state before June 30, 20 13.

1participated in the basic old-age insurance before June 30, 1998, and reached the retirement age stipulated by the state after July 30, 20 13, and the accumulated payment period reached 15, and should participate in the basic old-age insurance before June 30, 1998.1June 30, 1998.