Tuesday, February 16, 2016

SOEs endowment insurance schemes of qi as many 10 year transition period

SOEs endowment insurance schemes of qi, as many 10-year transition period

Worth noting is that the reform of "old" old, "" human "approach," new "approaches. Zhu Weihui surge information

Economic reference reported reporter statistics, as currently, around organ institutions staff pension insurance system implementation approach has all out align, approach except determine reform range and payment base outside, also proposed according to "depending on with payment years" length to "human" issued transitional pension, part area clear in transition period within implemented new old treatment meter sent approach compared, "insurance low limited high".

According to the State Department last year issued the decision on the institution reform of endowment insurance system for staff after the implementation measures for the provinces launched, on the reform of pay and treatment, scope, reform before and after treatment of convergence, fund management, insurance relationship transfer and renewal, the occupational pension policies are clear.

According to the arrangement, authorities and public administration units and administrative, public interest of two institutions and their staff to participate in preparing the endowment insurance. Units according to the unit's involvement in staff's personal contributions to the endowment insurance wage base and 20%, according to my 8% payment of wage income. Set up occupational pension system, individuals, namely basic pension insurance contribution base 4%, 8% fee, all included in the occupational pension personal accounts.

In addition, the implementation defines the scope for reform. Insurance required shall be determined in accordance with institution management service, system staff should participate in the basic old-age insurance for enterprise employees according to law. For system management specification of units should be in accordance with the relevant provisions of the clear specification, clear staff identities and then into the corresponding pension insurance system.

Funding problems, consistent throughout the programme, are required to adjust and optimize the structure of fiscal expenditure, increase social security funds to ensure that basic pensions on time and in full, and provide appropriate funding for the occupational pension system. Yunnan and other places further, endowment insurance reform required financial resources into the budget at the same level, and by administrative relationship and ensure funding for existing channels.

However, due to the actual situation in various parts of the differences and provincial the following region specific follow-up to views the development progress of the different reforms implementation time will vary.

Worth noting is that the reform of "old" old, "" human "approach," new "approaches. As opposed to the "new man" (after the implementation of the measures for work) and the "old man" (before the implementation of these measures for the preparation of staff and retired), before the reform to work, after the reform of retirement and cumulative payment age limit of 15 years of "human" how treatment became the focus of.

In this regard, the implementing measures are explicitly stated, in basis to individual account in basic pension and old-age pension, based on "deemed payment years" length to a transitional pension. However, for specific transitional pension calculation problems in some areas has given no specific transitional measures, or will be developed in the future.

In fact, in the establishment of basic old-age insurance system for urban employees, related policy has also made arrangements for the transitional period, on the reform of the "human dimension" transitional pensions paid from the social pool fund. At present, with the "middleman" gradual retirement, "new" more and more, transitional policy arrangements gradually weakening, the new system will gradually occupy the subject position, reflecting the reform policy for a smooth transition.

In this regard, the experts say, the popular, "" treatment will consist of individual account in basic pension, retirement pension, occupational pension and pension for the transitional period consists of four parts. When the combination of the older workers, led in his actual pension, pensions accounted for a greater proportion of small, transitional pensions account for a greater proportion of large. "Reform is not easy, after all, a lot of people in institutions for many years, much less if the pension, may lead to social problems, but also greatly enhance the resistance to reform. Occupational pension and pension for the transitional period can be used as smoothing agent role, bridging the reform pension divide, achieve a smooth transition. "The experts said.

Man Jin Weigang, Director of the Institute of social security, the Department believes that after the end of the transition period, "" pension benefits will vary, but the difference is not too big. Because not only the worker's individual account in basic pension insurance had a certain amount of contributions accumulated and pensions with the pay adjustment mechanism will continue to increase, coupled with the cumulative occupational pension, adding several pensions following the absolute amount is likely to increase.

How long is the time for transition issues, raised in the implementation of the 10-year transition period, during the transitional period and calculation methods comparison of old and new treatment, "lower limit". As Beijing suggested that transition period, new approaches (including the treatment of occupational pension) plan hair treatment below the old standard of treatment, according to the old standard of treatment issued to maintain treatment does not reduce, new approach to plan hair treatment is higher than the old standard of treatment, beyond the annual proportion of the part should be limited.

Future reform, pension treatment of all types of people will be a smooth transition. Central University of finance and Director of the Center for social security studies Chu Fuling told the economic information daily newspaper reporters, past institution staff retirement benefits associated with the position ranks larger, new retirement benefits in the future more will be associated with factors such as wages, Fund operations, fair implementation of the system will be provided to further eliminate the differential treatment possibilities, and lay the Foundation for the eventual realization of pension fairness. China s reform practice first Yuan Geng s last

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