Raise the minimum standard of basic pension for urban and rural residents in many places.

　　Recently, the increase in pensions in 2023 has been released frequently. Beijing, Ningxia and other places have indicated that they will raise the basic pension for retirees, and at the same time, they have introduced many plans to raise the basic pension for urban and rural residents. With the advancement of the reform of the old-age insurance system, the national overall planning of enterprise employee pension insurance and the promotion of individual pension development have become an important starting point for improving the ability of old-age security.

　　Experts interviewed said that in response to the future demand for old-age care, it is necessary to better play the role of multi-level and multi-pillar old-age insurance system.

　　Raise the basic pension for urban and rural residents in many places

　　In recent years, the level of old-age care for employees in Chinese enterprises has been continuously improved, providing a strong guarantee for the life of retirees. Since the beginning of this year, Beijing, Ningxia and other places have released the signal of raising the basic pension for retirees.

　　Beijing recently released a division of labor plan for running important livelihood projects in 2023, which clearly stated that it is necessary to improve the level of social security, including continuing to adjust the basic pension for retirees, regular treatment of work-related injury insurance, basic pension for urban and rural residents and welfare pension standards, and the completion time is before the end of December 2023. Ningxia proposed in the government work report that the basic pension for retirees will continue to be raised in 2023.

　　At the same time, many places have clarified the plan for raising the basic pension for urban and rural residents. Henan proposed that from January 1, 2023, the minimum standard of basic old-age insurance for urban and rural residents will be increased by 10 yuan from 113 yuan per person per month to 123 yuan per person per month. At the same time, it is clear that all parts of Henan can appropriately raise the minimum standard of basic old-age pension in their own areas on the basis of the provincial minimum standard of basic old-age insurance.

　　Guizhou raised the minimum standard of basic pension for urban and rural residents to 128 yuan per person per month; The minimum standard of basic old-age insurance for urban and rural residents in Hebei increased from 123 yuan per person per month to 133 yuan, an increase of 8.13%; Sichuan has also made it clear that it will raise the level of pension benefits.

　　The reform of the endowment insurance system has achieved remarkable results.

　　In the planning of improving the social security level this year, many places clearly put forward to promote the national overall planning of enterprise employee pension insurance. Since 2022, China has officially implemented the national overall planning of the basic old-age insurance for enterprise employees, with a total of 244 billion yuan of inter-provincial adjustment funds throughout the year, effectively balancing the current income and expenditure pressure of inter-regional funds and supporting the payment of pensions in provinces with fund difficulties.

　　Lou Feipeng, a researcher at the Postal Savings Bank, said that the national overall planning of the basic old-age insurance for enterprise employees has a positive effect on unifying the standards and adjustment methods of the basic old-age insurance, facilitating the continuity of the basic old-age insurance when residents move across regions, promoting the cross-regional flow of labor, and realizing the full utilization of human resources and basic old-age insurance funds.

　　"The national overall planning of basic old-age insurance for employees has further strengthened the unity, safety and sustainability of the old-age insurance system. Through unified institutional arrangements, the differences in economic development level and population structure between different regions have been overcome. " In an interview with the Economic Information Daily, Lu Quan, a professor at Renmin University of China and secretary-general of China Social Security Society, said that from the current implementation, the national overall plan has begun to play a role, and China’s basic old-age insurance system and old-age security are developing in a more unified, fairer and more sustainable direction.

　　As a supplement to the basic old-age insurance system, on November 25, 2022, the individual pension system was first implemented in 36 cities or regions. The reporter noted that Guangdong, Yunnan and other places also explicitly proposed this year to promote the development of individual pensions and further weave a well-knit social security net.

　　The Ministry of Human Resources and Social Security previously revealed that the next step will be to study and improve the national overall planning system, formulate the allocation plan and payment plan for national overall planning and adjustment in 2023, and strengthen the management of endowment insurance policies. Do a good job in the implementation of the personal pension system. In addition, social insurance coverage will be actively expanded. Steadily improve the overall level of unemployment insurance funds.

　　Develop a multi-level and multi-pillar endowment insurance system

　　The Ministry of Human Resources and Social Security recently held a national meeting of directors of social insurance, explicitly demanding to solidly promote the national overall planning of endowment insurance, develop a multi-level and multi-pillar endowment insurance system, expand social security coverage, strengthen fund risk prevention and control, and improve the national unified social insurance public service platform.

　　Lou Feipeng said that in the follow-up development of the multi-level and multi-pillar pension system, the first pillar basic pension insurance pays attention to the basic work, and the second pillar enterprise annuity, occupational annuity and the third pillar personal pension are supplemented, and they participate in accumulation according to the actual situation to meet the residents’ higher pursuit of old-age care. Considering various factors, the follow-up pension system needs to focus on the development of individual pension.

　　According to the data of the Ministry of Human Resources and Social Security, by the end of the third quarter of 2022, the number of enterprises that established enterprise annuity funds nationwide was 125,805, with 29,846,800 employees and 2,795,498 million yuan of accumulated funds; As an important part of the "third pillar", by the end of 2022, there were 19.54 million individual pension participants and 6.13 million contributors in China, with a total contribution of 14.2 billion yuan.

　　"Overall, pensions should match the basic living standards of the elderly, so that the elderly can enjoy the fruits of economic development, which is also conducive to enhancing their sense of acquisition, happiness and security." Lu Quan said.