Liang Tao, former vice chairman of the China Banking and Insurance Regulatory Commission, said at the Social Security Forum of the Chinese Academy of Social Sciences and the release ceremony of the "China Pension Development Report 2023" on December 29 that it is recommended to lower the entry threshold for personal pensions. All kinds of income and employment groups should be included in the personal pension system as much as possible, so as to accelerate the construction of China's multi-level and multi-pillar pension system. In order to achieve this goal, he made the following recommendations:
First of all, lower the entry threshold for personal pensions, relax the restrictions on opening capital accounts, and no longer take participation in basic pension insurance as a precondition for opening personal pension accounts.
Secondly, improve the flexibility of access, change the strong lock-in to the weak lock-in, under the premise of effective control, appropriately increase the conditions for receiving personal pensions, and ensure the emergency needs of participants for large amounts of funds in the event of major changes.
In addition, Liang Tao also suggested that we should continue to strengthen the publicity of the third pillar pension insurance policy, accelerate the popularization of pension financial knowledge, cultivate people's pension planning and savings awareness, and improve people's awareness and recognition of pensions.
These measures can help more people understand the personal pension system and increase their participation. In short, Liang Tao's suggestions are aimed at promoting the popularization and development of the personal pension system and providing strong support for the construction of China's multi-level and multi-pillar pension system.