Retirees in these two regions are blessed, and the central government will increase pension subsidie

Mondo Social Updated on 2024-02-22

Recently, the ** Press Office held a press conference to introduce the fiscal revenue and expenditure for the whole year of 2023 and answer questions from reporters. Among them, Hou Junming, director of the Asset Management Department of the Ministry of Finance, said that the financial sector has continuously increased subsidies for pension insurance, focusing on the central and western regions and old industrial bases with difficulties in revenue and expenditure, so as to ensure that pensions are paid on time and in full. He also revealed that at present, the average level of pension in China is about 3,000 yuan, but there are some people whose pension exceeds 5,000 yuan, and even reaches more than 10,000 yuan. So, who are these people? And how did they get such a high pension?

We will continue to increase financial subsidies to ensure that pensions are paid in full and on timeAccording to Hou Junming's introduction, in 2023, the financial arrangement of basic pension insurance subsidy funds will be about 1 trillion yuan, an increase of 9 over the previous year8%, accounting for 235%。Among them, the focus is on the central and western regions and the old industrial bases with difficulties in revenue and expenditure, and about 400 billion yuan and 200 billion yuan have been arranged respectively, accounting for 60% of the subsidy funds. Local finance departments at all levels have also actively implemented relevant expenditure responsibilities and allocated basic pensions in full and in a timely manner, ensuring the vital interests of retirees. Why is it particularly inclined to the central and western regions and the old industrial base?

The central and western regions and the old industrial base are an important part of China's economic and social development, and they are also the key objects of China's pension insurance.

However, due to various reasons of history, geography and economic development, the pension income and expenditure in these two regions are facing greater pressure.

Specifically, there are several reasons:

1. Economic backwardness. The level of economic development in the central and western regions is generally lower than that in the eastern region, and the per capita GDP and per capita wage level are also relatively low, resulting in a low pension payment base and payment level, which affects the income level of the pension.

2. Aging population. The aging degree of the population in the central and western regions is generally higher than that in the eastern region, and the proportion of the elderly population and the ratio of old age dependency are also relatively high, resulting in higher pension expenditure pressure and payment burden, which affects the level of pension expenditure.

3. The pressure of transformation and upgrading. The old industrial base is an important foundation for China's industrialization and modernization, and it is also an important area for China's economic restructuring, transformation and upgrading.

Due to the accumulation of history and the predicament of reality, the economic growth rate of the old industrial base has slowed down, the industrial structure is unreasonable, and the efficiency of enterprises has declined, resulting in a decline in the number of pension contributors and the proportion of contributions, which has affected the balance of pension income and expenditure.

The significance of increasing financial subsidies

In the face of the difficulties in pension income and expenditure in the central and western regions and the old industrial bases, the financial departments have taken measures to increase subsidies, which are of great significance to retirees and the social security system. Specifically, it has the following significance:

1. Improve the level of pensions. By increasing financial subsidies, we can increase the income of pensions, thereby increasing the level of pension distribution, improving the quality of life of retirees, meeting their basic living needs and reasonable consumption needs, and ensuring their basic living rights and dignity.

2. Improve the sustainability of the social security system. By increasing financial subsidies, the pressure on pension expenditure can be reduced, so as to improve the ability to pay pensions, ensure the timely and full payment of pensions, safeguard the legitimate rights and interests of retirees, and enhance their sense of social security and happiness.

3. Promote social equity and social harmony. By increasing financial subsidies, we can narrow the regional gap in pensions, thereby promoting the regional balance of pensions and realizing the fair distribution of pensions, reflecting the fairness and justice of the country and enhancing the unity and mutual assistance of the people.

Policy effects

The policy of tilting pension insurance subsidy funds to the central and western regions and old industrial bases can not only solve the current pension income and expenditure problems, but also provide impetus and guarantee for future economic transformation and social security. Specifically, there are the following effects:

1. Alleviate financial pressure. By tilting the pension insurance subsidy funds to the central and western regions and the old industrial bases, the financial burden of these regions can be reduced, thereby releasing more financial resources to support the economic development and improvement of people's livelihood in these regions, and improve the financial autonomy and comprehensive strength of these regions.

2. Promote balanced regional development. By tilting the pension insurance subsidy funds to the central and western regions and the old industrial bases, the pension gap between these regions and the eastern region can be narrowed, so as to narrow the economic gap between these regions and the eastern region, promote economic growth and social stability in these regions, and promote the improvement of the social security system.

By tilting the old-age insurance subsidy funds to the central and western regions and the old industrial bases, we can improve the old-age insurance coverage rate and participation rate in these areas, thereby improving the social security level in these areas, improving the social security system in these areas, and enhancing the social security capacity and social security credit in these areas.

Conclusion

We can understand that in order to ensure the pension payment of retirees, the financial department has continuously increased the financial subsidies for pension insurance, especially to the central and western regions and the old industrial base with difficult income and expenditure;

This is a policy measure of great significance and far-reaching impact, which not only reflects the state's commitment and responsibility for providing for the elderly, but also reflects the country's strategy and determination for regional coordinated development, and also reflects the direction and goal of the state's reform and improvement of the social security system.

We believe that with the implementation and play of this policy, retirees in the central and western regions and the old industrial bases will enjoy a higher pension level, a better quality of life, and a stronger sense of social security, and will also contribute their strength and wisdom to the economic development and social stability of these regions.

Let us look forward to and witness the happy life of retirees in these two regions, the prosperity and development of these two regions, and the progress and improvement of social security in this country!

February** Dynamic Incentive Program

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