Endowment Insurance Personal Accounts Empty Accounts Over 2 Trillion And 600 Billion Pay Pressure Increased

< < p > < < a href= > http://sjfzxm.com/news/index_s.asp > > China's pension insurance development report 2013 < /a > released yesterday (hereinafter referred to as "report") shows that the increase in the number of basic old-age insurance coverage is slowing down, and the growth rate of the pension fund income in 22 provinces has declined.

At the same time, the basic old-age insurance for urban workers, < a href= "http://sjfzxm.com/news/index_s.asp" > personal account empty account > /a > continues to expand, exceeding 2 trillion and 600 billion yuan.

This means that the payment pressure will basically increase in the future < a href= "http://sjfzxm.com/news/index_s.asp" > endowment insurance < /a >.

< /p >

< p > < strong > expansion speed slows down < /strong > < /p >

< p > according to < a href= "http://sjfzxm.com/news/index_s.asp > > < /a >, by the end of 2012, the total number of basic old-age insurance for urban workers was 304 million, an increase of 7.17% in 2011, but the growth rate was slower than 10.44% in the previous year.

The number of insured workers was 230 million, an increase of 6.57% over the previous year, and the growth rate dropped by 4.58 percentage points. The number of retirees was 74 million 456 thousand and 800, an increase of 9.07% over the previous year, and the growth rate increased by 0.81 percentage points.

The growth rate of the payment staff decreased and the number of pensioners increased. This increase led to a rise in the system of basic old-age insurance for urban workers from 31.65% in 2011 to 32.4%.

< /p >

< p > < a href= > http://sjfzxm.com/news/index_s.asp > urban and rural residents' basic old-age insurance < /a > (namely, new rural endowment insurance and urban residents' Endowment Insurance) also appears the trend of increasing coverage.

According to the Ministry of human resources and social statistics, the number of basic old-age insurance for urban and rural residents reached 484 million in 2012, and the number of pensioners reached 134 million, a significant increase over 2011.

But compared with the growth rate of last year, there has been a sharp decline, down 169.47 percentage points and 161.68 percentage points respectively.

< /p >

< p > analysis of the report is mainly due to the fact that the proportion of the basic old-age insurance for the rural residents is higher than that of the insured population, and the potential for continued expansion is decreasing rapidly, while the basic old-age insurance for urban residents is relatively slow.

< /p >

< p > China's < a href= > http://sjfzxm.com/news/index_s.asp > basic pension insurance system < /a > cause many disputes because of the huge amount of empty accounts and the doubt of sustainability, but from the operational data, income has always been greater than expenditure.

But in fact, the reason for this situation is the enlargement. That is to say, the continuous increase in the coverage rate of insurance coverage has resulted in the increase of basic pension insurance income than expenditure.

< /p >

Sun Yongyong, an associate professor of the world social security research center of the Chinese Academy of Social Sciences, said that the above data indicated that the potential of expanding the basic pension insurance system was getting smaller and smaller. It was more and more difficult to continue to rely on the rapid expansion of P to control the basic old-age insurance system for urban workers.

< /p >

< p > in addition, reporters found in the field investigation that many local governments, in order to expand their coverage, do not hesitate to connive, connive or even encourage individual enterprises to lower the contribution rate, and ultimately bury the hidden danger for the sustainable development of the system.

< /p >

< p > Sun Yongyong believes that the expansion of the work has temporarily raised the financial sustainability of the basic old-age insurance system for urban workers, and will also increase the liability for future pension payments and increase the future liabilities of the system.

He suggested that the target of expanding the next stage should be a laborer with considerable payment ability and insist on the unity of premium rate.

At the same time, a scientific parameter adjustment mechanism should be established to enhance the sustainability of the whole system.

< /p >

< p > < strong > personal account < a href= "http://sjfzxm.com/news/index_s.asp" > empty account < /a > continue to increase < /strong > /p >

< p > according to the Ministry of human resources and social statistics, the total accounts of urban employees' basic old-age insurance personal accounts amounted to 29543 billion yuan in 2012, an increase of 18.84% over 2011.

At the same time, the pilot accounts for many years of personal accounts have been difficult to carry out. In 2012, the 13 pilot provinces that made personal accounts, the total income of the fund amounted to 72 billion 200 million yuan, and the total income of the individual account fund was 349 billion 900 million yuan.

< /p >

< p > in this calculation, even if the actual a href= "http://sjfzxm.com/news/index_s.asp" is less than the personal account fund < /a >, the empty account of personal account is still over 2 trillion and 600 billion yuan.

In 2012, the accumulated balance of the basic old-age insurance fund for urban employees was 23941 billion yuan.

That is to say, even if all the funds accumulated by the basic pension insurance fund for urban employees are used to fill personal accounts, there will still be gaps.

< /p >

< p > Sun Yongyong analysis shows that the difficulty of making personal accounts is very difficult.

Because the balance of the 23941 billion yuan fund is scattered in all provinces of the country, and there are great regional differences in the income and expenditure of the provinces.

< /p >

< p > 2012, the total income of the basic old-age insurance fund for urban workers reached 20001 billion yuan, an increase of 18.39% over the previous year, and the growth rate dropped by 7.51 percentage points.

Specific to the provinces, 22 provinces across the country fund income growth began to decline, of which Ningxia slipped by 53.35 percentage points, Qinghai and Hubei fell by 49.1 and 42.06 percentage points respectively.

< /p >

< p > another group of data is also striking: in 2012, the national basic pension insurance for urban workers was < a href= "http://sjfzxm.com/news/index_s.asp" > Jin < /a > the growth rate of the current balance dropped sharply, down 71.68 percentage points.

Nearly half of the province's urban endowment insurance has seen a negative growth in the current balance.

Among them, Ningxia has decreased by 89.96%.

< /p >

< p > "it is impossible to make up the empty accounts in Liaoning with the money of Guangdong, so it is very difficult to make personal accounts.

After that, there are still a lot of problems, such as fund yield and so on.

Sun Yongyong said.

< /p >

< p > the third Plenary Session of the 18th CPC Central Committee, adjusted the "real personal account" in the past caliber to "perfect a href=" http://sjfzxm.com/news/index_s.asp "personal account < /a >, pmitting the signal of insisting on the nominal account of personal account.

Zheng Bingwen, director of the world social security research center of the Academy of Social Sciences, also said that under the current conditions of high growth in China, the personal account fund investment in real accounts is almost impossible to achieve an investment return that is higher than the average social wage increase. Even the CPI can not win. The larger the personal account fund, the greater the welfare loss.

< /p >