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Original title: Unprecedented Social Security Premium Reduction Policy Has Reduced Burden on Businesses by More Than 1.2 Trillion Yuan.
The social security premium reduction and exemption policy introduced this year is unprecedented. As of the end of September, the three social security cuts and exemptions have reduced corporate costs by a total of 1204.5 billion yuan, of which pension insurance costs are 1.014 billion yuan, representing 84.1 %. At the same time, China has made extensive preparations and arrangements for the issuance of pension insurance. This year, the central adjustment rate of corporate pension insurance funds will increase to 4%, and the scale of interprovincial adjustment funds for the whole year will reach 176.8 billion yuan, and the national pension plan will also be completed before the end of the year.
Here’s what the reporter learned from the State Council’s policy briefing held by the State Council’s Information Office on October 28.
According to the data, as of the end of September, three social security premium policies have benefited 11.299 million companies, with a reduction of 910.7 billion yuan and the deferred payment of social security premiums of 61.6 billion yuan. In addition, the social security fee reduction policy reduced corporate contributions by RMB 232.2 billion, reducing total corporate costs by RMB 1204.5 billion. Nie Mingjun, director of the Department of Pension Insurance at the Ministry of Human Resources and Social Security, said that the social security premium reduction policy introduced this year is expected to reduce corporate payments by 1.6 trillion yuan, one notch. of unprecedented strength, and it will help companies get out of trouble, stabilize and expand employment. effect.
On the one hand, it is necessary to reduce the burden on companies through the policy of reduction or exemption of social security premiums. On the other hand, it is also necessary to ensure that people’s social security benefits, especially pensions, are paid in full.
Nie Mingjun noted that the operation of the corporate pension insurance fund in the first three quarters has stood the test and is generally stable, even better than expected. At the end of September, the number of insured employees was 286.35 million, 4.1% more than at the end of last year. The number of retirees was 106.59 million, an increase of 2.5% compared to the end of last year. In terms of income and expenses of the fund, the total income is 2.1 trillion yuan, the total expenditure is 2.8 trillion yuan, and the accumulated balance of the fund is 4.5 trillion yuan.
“In general terms, there is still a relatively solid material basis for the insurance payment. The current problem is mainly the structural contradictions between provinces.” Nie Mingjun said that China has made full preparations and arrangements for the payment of pension insurance.
The first is to increase the implementation of the fund’s central adjustment. This year, the central adjustment rate of corporate pension insurance funds increased to 4%, and the scale of interprovincial adjustment funds for the full year reached 176.8 billion yuan. At present, the adjustment fund of 135.2 billion yuan in the first three quarters has been fully allocated, and the seven provinces, including Guangdong and Beijing, have released the adjustment funds on time and in full. In addition, this year the central government has provided more than 580 billion yuan in special subsidies for local endowment insurance, which has strongly supported the issuance of pensions in various regions, especially the central and western regions and the former industrial bases. .
The second is to accelerate the promotion of the unified work of income and expenditure of the provincial fund. At present, 26 provinces and the Xinjiang Corps have achieved the fund’s income and expenditure unification at the provincial level, providing a strong guarantee to ensure the province’s distribution. The other 5 provinces are also intensifying preparatory work to ensure its completion before the end of the year.
The third is to establish a regular scheduling mechanism. Pay close attention to the operation of corporate pension insurance funds in various regions, conduct a detailed investigation of the funds issued by the provinces throughout the year, study and determine the risks of issuance, and help coordinate the allocation of funds .
“In general, most provinces do not have problems with insurance issuance. Some provinces with difficulties in issuing insurance can also guarantee issuance with the help of the central government. In the next step, we will guide the localities to continue to implement the reduction and exemption policies in stages. ” On the other hand, strengthen the monitoring of the funds situation in various places to ensure that the pension payment work is infallible, “said Nie Mingjun.
