202 1 why is the pension rising so fast?

First, the income of the endowment insurance fund exceeds the expenditure, and the balance foundation is solid.

According to the work progress in the third quarter announced by Ministry of Human Resources and Social Security, the income and expenditure of the three social security funds were 5.25 trillion yuan and 4.89 trillion yuan respectively, showing that the net income reached 360 billion yuan and the accumulated balance was 7.24 trillion yuan. In addition, the strategic reserve of the national social security fund exceeded 2.6 trillion yuan, and the central level transferred state-owned capital 1.68 trillion yuan to enrich the social security fund. By the end of September this year, the entrusted contract scale of the basic old-age insurance fund was10.6 trillion yuan, and the fund scale foundation for distribution and adjustment was very solid.

Second, there are many participants.

The basic pension is the first pillar of our country. By the third quarter of this year, the number of people participating in the old-age insurance in our country reached 654.38+0.47 billion, while the total population of our country was more than 654.38+0.465-4.38+0 billion at the time of the seventh census, which means that the number of people participating in the basic old-age insurance now accounts for about 74.3%. The more people participate, the larger the scale of payment, and the income of endowment insurance will increase greatly.

Third, there is a basis for continuous increase of 18.

Psychologically speaking, the pension of our retirees is 18 rising continuously. The sooner they retire, the more time they can enjoy the adjustment. If they can't adjust all the time, those of us who just retired will not catch up with those who retired early, especially those who retired this year. After working for decades and paying so many insurance premiums, I finally got retirement benefits and didn't participate in the upward adjustment. Compared with people who have retired, there is a big gap.

Fourth, Ministry of Human Resources and Social Security's "14 th Five-Year Plan" requirements.

Ministry of Human Resources and Social Security released the Tenth Five-Year Plan in 20021,in which the coverage of basic old-age insurance should reach 95% in 2025. Encourage young people to participate in insurance, and only by constantly letting them see the infinite benefits in the future will they have the opportunity to drive more people to continue to pay for insurance.

Fifth, economic growth has accelerated.

In the third quarter of this year, China's GDP increased by 3.9%. In the first quarter of 2022, GDP increased by 4.8% and shrank to 0.4% in the second quarter. Now it's warming up again. It only took three months, and the increase has expanded by 3.5%. It can be seen that China's economy has been in a state of accelerated recovery. The economy cannot be separated from the income of enterprises and employees. The income is good and the wages of employees are rising.

Sixth, prices have risen.

According to the latest data released by the National Bureau of Statistics, the consumer price index rose by 2. 10 in the month of1%. Looking horizontally at the price changes in the first month of 10, CPI showed an upward trend, with an increase of 2%. Income is linked to prices, and prices are rising. It is the general trend to ensure that the living standard of retirees will not be reduced and improve the pension level. This requirement is also stipulated in Article 18 of the Social Insurance Law.