With the rapid development of China's social economy, the aging of the population is becoming increasingly prominent, and the pension system is facing unprecedented pressure. In order to better ensure the basic life of the elderly and adapt to the development needs of the new era, the pension system will usher in five major adjustments in 2024. This article will explain these five major adjustments in detail to help you better understand the changes in the pension system.
1. Improve pension benefits.
In 2024, China will further increase the pension treatment to better ensure the basic life of the elderly. The adjustment will be based on the price level, the average wage growth of workers and other factors, a reasonable determination of the increase in pensions. This will help narrow the gap between the pension replacement rate and the real wage growth rate, improving the quality of life of the elderly.
Second, improve the pension system.
In order to eliminate the unfairness brought about by the dual-track pension system, the pension system will be further improved in 2024. Specific measures include: unifying the basic pension planning and payment methods of enterprises, government agencies and institutions, and realizing the rationalization of the level of pension benefits;The basic old-age insurance for urban and rural residents will be connected with the basic old-age insurance system for employees to ensure the equality of the pension rights and interests of all types of insured persons.
3. Expand the coverage of pension insurance.
In 2024, China will further expand the coverage of pension insurance and strive to achieve full coverage of pension insurance. **The department will increase policy support for flexible employment personnel, migrant workers and other groups to participate in pension insurance, and guide them to actively participate in insurance. In addition, it will also study and formulate an endowment insurance system that adapts to new forms of employment to provide protection for emerging employment groups.
Fourth, encourage multi-channel pension.
In order to better meet the diverse pension needs of the elderly, the pension system will encourage multi-channel pension in 2024. On the one hand, improve the home care service system and provide a rich and diverse home care service for the elderlyOn the other hand, increase the support for social forces to set up pension institutions, and promote the integrated development of pension undertakings and industries. In addition, it will also explore the establishment of a pension insurance investment and operation mechanism to improve the income level of pension funds.
5. Strengthen the supervision of pension insurance.
In order to ensure the safety and stability of pension insurance, the pension system will strengthen supervision in 2024. The department will increase the audit and inspection of pension insurance, and strictly prevent illegal use, embezzlement and misappropriation. At the same time, improve the information disclosure system of pension insurance, improve the transparency of the operation, and let the majority of insured people rest assured.
In short, the five major adjustments to the pension system in 2024 are aimed at adapting to the development needs of the new era and better ensuring the basic life of the elderly. Let's look forward to the implementation of these adjustments to bring a better tomorrow to the lives of the elderly in their later years.