Is the level of social security in Shenzhen high or low?

According to the report released by Beijing Institute of International Urban Development, the local budget expenditure of Shenzhen last year was more than 38.6 billion yuan, and the social security expenditure only accounted for 1.68% of the budget, ranking first from the bottom among 287 cities in China. However, Yuan, deputy director of Shenzhen Labor and Social Security Bureau, believes that it is not appropriate to use the social security investment coefficient to measure the social security level.

He said that the per capita pension for enterprise retirees, unemployment benefits for the unemployed and the monthly minimum living security line in Shenzhen all show that the basic level of social security in Shenzhen is the highest in the country. (China Business News1October 20th 10)

One side said that Shenzhen's social security level was the lowest in the country, while the other side said that Shenzhen's social security level was the highest in the country, and they all spoke with figures. It's really fair and just. The old woman said that the old woman was right. So, which side is true? Is the social security level in Shenzhen high or low? The author believes that we must have a clear understanding of this issue.

The per capita pension of enterprise retirees in Shenzhen is more than 2,000 yuan, and the national average is only 735 yuan; The unemployment benefit of the unemployed in Shenzhen is 648 yuan, and the national average is only 300 yuan; The monthly minimum living standard in Shenzhen is 344 yuan, and the national average is only 130 yuan. From the comparison of these absolute figures, we can see that the social security standard in Shenzhen is high. However, the high per capita social security standard does not mean that Shenzhen's social security level is high. This is equivalent to Switzerland's high per capita output value, but it does not mean that its comprehensive national strength is also leading.

According to Deputy Director Yuan, Shenzhen's social security investment coefficient is relatively low because the participation rate of social insurance is high, the fund income and expenditure can be balanced, and social insurance does not need financial subsidies. "Under the premise of ensuring high-level pensions for retirees and high-level and wide-ranging assistance for low-income people who need assistance, the lower the financial social security investment coefficient, the better the social security work of this local government and the higher the social security level." However, the author believes that this view is flawed. Because some people enjoy high standards of social security, it covers up the fact that more people are not covered by social security.

Shenzhen has a very special place, that is, the foreign population far exceeds the registered population. At present, the registered population in Shenzhen is about 1.6 million, and the floating population in Baoan District alone is 4.9 million. The floating population in the city is close to1.00000. Relevant statistics show that the labor insurance coverage in Shenzhen is only over 30%, which is not low in the whole country. However, due to the large foreign population base in Shenzhen, millions of people are not included in the social security category. These millions of people have contributed to Shenzhen's finance, but the government has not invested a penny in social security for them. In my opinion, this is the reason why Shenzhen's social security investment coefficient is low, but the social security standard is high. Can we still say that the level of social security in Shenzhen ranks first in the country?