The Ministry of Finance said that in 2024, it will do a good job in key tasks and manage and guard the people's "pension money".
On February 1, the State Council Information Office held a press conference on fiscal revenue and expenditure for the whole year of 2023. At the meeting, Hou Junming, director of the Asset Management Department of the Ministry of Finance, said that by the end of 2023, the cumulative balance of the basic pension insurance for employees of enterprises across the country has approached 6 trillion yuan, and the pension can be guaranteed to be paid on time and in full. (News**: China-Singapore Jingwei).
The issuance of pensions is related to thousands of households and the well-being of the people. In order to ensure that pensions are paid on time and in full, financial departments at all levels have actively played a functional role in recent years, focusing on three aspects: first, continuously increase financial subsidies; the second is to implement the national overall planning of pension insurance; The third is to strengthen the management of pension insurance. "In the near future, it may cause concerns about pensions, but in fact, it has little impact on basic pension insurance, and it has little to do with pension distribution. The pension invested in ** is the surplus funds of a few provinces, which are entrusted to the National Social Security Council to invest. Most of the other provinces have no surplus, and the shortfall is due to fiscal subsidies. Therefore, *** does not affect the payment of pensions".
Hou Junming said that in 2024, he will focus on two aspects of work. On the one hand, we will further increase the intensity of financial subsidies, thoroughly implement the national overall planning system for pension insurance, improve relevant systems and mechanisms, and manage and guard the people's "pension money". On the other hand, we will further increase support for elderly care services, improve the network of institutions, communities and home care services, promote the coordinated development of the elderly care industry and the elderly care industry, and promote the quality and efficiency of elderly care services.