Kunpeng Project
Pension ** good! Last year, the financial subsidy was 1 trillion yuan, and the subsidy will be increased in 2024
Will pensions still be paid in 2024? Will pensions last in 2024**? In the author's opinion, this is the most concerned issue for most retirees.
The answer to these two questions is a combination of factors, and the most important is the balance of pension insurance, if the balance of funds is insufficient or even long-term to make ends meet, not to mention the increase in pension, it is possible to pay it in a timely manner.
There have been many predictions on the Internet that pensions will bottom out in 2035, based on the results of a survey conducted by the Chinese Academy of Sciences many years ago. I'm not doubting the professionalism of the research unit, but I'm just saying that this report misses an element that is crucial to pension security: the grant.
The difference between China's social security system and Western countries is that it is not completely "self-financing", but composed of two aspects: employee contributions and various subsidies.
In accordance with the requirements of the "Budget Law", in China's financial system, it mainly includes: general public budget revenue and expenditure accounts, ** budget revenue and expenditure accounts, state-owned capital operating budget revenue and expenditure accounts and social security ** revenue and expenditure accounts. These three books can be transferred to each other, that is, except for the income and expenditure account of the social security **, which is "only in but not out", you can withdraw money from other accounts, but not to other accounts.
This is the legal basis for the financial subsidy of social security**, so if social security** is in a situation where you can't make ends meet, you don't have to worry too much, because the state will give you funds.
And financial institutions are doing the same. For example, according to Xinhua News Agency, Hou Junming, director of the Property Management Department of the Ministry of Finance, said that next year, about 1 trillion yuan will be subsidized for basic pension insurance, mainly used to solve the problem of shortage of funds in the central and western regions, old industrial bases, etc.
In other words, in 2022, a trillion RMB of retirement funds will be provided for social security funds. So, does this mean that there is a shortage of funds for superannuation protection? No, according to the statistics of the Ministry of Finance, by the end of 2022, the pension balance of enterprises and enterprises has reached nearly 6 trillion yuan.
How much is six trillion? Even if the employees of the whole country do not pay a pension insurance, they will not be provided with any subsidies, and this fund is enough for them to get a pension for more than a year, and there will be no shortage of funds.
However, the abundance of funds does not mean that all localities have sufficient funds, and the problem of regional surplus shortages still exists. In fact, China's pension industry has always had a "transfer payment" concept, that is, there is a surplus where there will be a "living beyond the means" of the place, of which Guangdong Province and Beijing are the largest pension insurance institutions in China.
Starting in 2022, the country began to implement "national unification". Many people have a misunderstanding of the pension insurance plan system, thinking that in the future, the pensions in each region will be one-size-fits-all and gradually converge, but this is not the case.
Two different "co-ordination" models of "regional" and "individual" are implemented, that is, the "difference" between "non-local" and "individual". Taking Guangdong as an example, there are currently two trillion yuan of basic pension funds, and only tens of billions of dollars are left in the western provinces, in order to ensure the stability of the province's basic pension insurance, Guangdong social security funds will be 100 billion yuan of funds transferred to the province's social security fund account. Of course, there is no point-to-point in the implementation process, but by the first overall arrangement, the first to pay the provinces to pay the social security **, and then to make overall arrangements according to local conditions. By 2022, the total amount of the province's fiscal overall adjustment** will reach 271.6 billion yuan.
Some people may think that a province like Guangdong, which only pays pensions, is "suffering" and is actually inevitable. As we all know, the number of migrant workers in Guangdong is the largest in the world, many people work in Guangdong, and also participate in pension insurance, these funds are deposited in Guangdong's social security account, and when they retire, they will not necessarily return to Guangdong, but will return to their hometown, borne by the local social security institutions.
Receiving a pension in my hometown and receiving a pension in Guangdong, will there be a dislocation? Guangdong is a large labor input province, and part of the social security will be inclined to the labor export province, which is unreasonable to alleviate the allocation of labor resources, and can well alleviate the problems of social pension burden and unbalanced balance distribution between regions.
Director Hou Junming said that next year, more than 1 trillion pension insurance subsidies will be subsidized, and the social security system will be comprehensively promoted, and the focus of next year's work will be increased, which will increase the subsidy for the social security system, that is, the social security funds in 2024 are likely to exceed 1 trillion.
With the above words, you don't have to worry about whether the pension can be paid on time and in full. In addition, the abundant funds have also laid a solid foundation for the pension increase in 2024.
So far, three places have said they want to raise their pensions, including Sichuan, Shanghai, and Henan.
For example, Sichuan, Shanghai and Henan provinces have mentioned "improving basic pension insurance benefits" in the "2024 Provincial 30 People's Livelihood Practical Implementation Plan". The adjustment of pensions is a move of a country, and it is impossible for any region to make a decision, so it can be inferred that this time the pension will be adjusted, and the increase will be about 35% to 4%.
This is just my own opinion, please pay more attention, like, your attention is the biggest encouragement for my creation!