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    State Council: Properly Expand The Investment Channels For Basic Endowment Insurance Funds

    2011/8/18 9:42:00 27

    Appropriately Widening The Endowment Insurance Fund

    Premier Wen Jiabao chaired a State Council executive meeting on 17 th, discussing the adoption of the "12th Five-Year plan" for the development of China's aging industry, and studying and deploying to further improve the management of social insurance funds.


    The meeting pointed out that during the period of 12th Five-Year, the first elderly population will appear in China.

    increase

    Peak age, the number of elderly people over 60 will increase from 178 million to 221 million, the proportion of elderly population will increase from 13.3% to 16%, the aging process of population will accelerate, and the demand for social security and pension services will increase significantly.


    The meeting confirmed the "12th Five-Year" period.

    ageing

    The key tasks of undertaking development are: (1) further improving the social security system for the elderly.

    The new rural social endowment insurance and urban residents' social endowment insurance system will be fully covered.

    All eligible elderly people should be included in the minimum living standard.

    (two) do well the medical and health care work for the elderly.

    Primary health care institutions should establish health records for elderly persons over 65 years of age in the area and organize regular physical examinations.

    We should carry out health education for the elderly and pay more attention to the spiritual care and psychological consolation of the elderly.

    (three) improve the family support policy for the elderly.

    We should improve the policy of household registration management for the elderly, support policies for family support and care services, encourage family support and promote traditional virtues of filial piety and respect for the elderly.

    (four) vigorously develop the service for the aged.

    The home care service network covers all urban streets, communities and more than 80% of townships and over 50% of rural communities.

    We will promote the construction of support type, maintenance type and health care type pension institutions, and achieve 30 old age beds for every thousand old people.

    We should carry out various forms of community care service for the elderly and speed up the development of nursing rehabilitation services.

    (five) speed up the construction of places for the elderly and barrier free facilities, increase cultural, educational and physical fitness facilities, and enrich the spiritual and cultural life of the elderly.

    (six) improve the guidance and support policies for the aging industry, and promote the development of products, appliances and services for the elderly.

    (seven) strengthen the legal system and legal services for the elderly, strengthen the supervision of the old age service industry, and safeguard the legitimate rights and interests of the elderly.


    The meeting called for further strengthening of society.

    Insurance

    Fund management.

    First, we must raise the level of fund budget management.

    This year, the new rural social endowment insurance and the basic medical insurance fund for urban residents will be included in the budget report. Next year, the new rural cooperative medical care system and the urban social endowment insurance fund will be included in the scope of the report.

    We should improve the methods of budget compilation and strengthen the management of budget implementation.

    Two, we must improve the financial accounting system of the fund and put all kinds of insurance regulated by the social insurance law into the scope of management.

    Three, we must speed up the construction of information technology and promote the scientific and meticulous management of funds.

    We should promote information disclosure and enhance pparency.

    Four, we should further improve the overall planning level, appropriately raise the level of protection, and keep the fund balance in a reasonable scale.

    Adhering to the prudence principle of safety first, under the premise of improving laws and regulations and strict supervision, we should appropriately expand the investment channels for the basic pension insurance fund so as to maintain and increase value.


     

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