Fujian Provincial Civil Affairs Department rectifies the long-term idleness of pension industry investment funds

category:Finance
 Fujian Provincial Civil Affairs Department rectifies the long-term idleness of pension industry investment funds


Second, cooperate with fund management companies to select high-quality pension projects. In recent years, Fujian Heyi Health Industry Science and Technology Development Co., Ltd. has invested 5 million yuan in equity for five years, stimulating social capital of 45 million yuan. We should follow up and promote the endowment projects that have been set up or intend to make substantial investments as soon as possible. For example, the Strait Health Care Center, the Energy Red Carbon Mountain Care Base, the Enlightenment International Summer Care Community, Taikang Heron Garden, the Provincial Party Committees Old Cadre Hospital and other projects have been approved for land use in both the Enlightenment International Summer Care Community and Taikang Heron Garden.

In addition, the Communist Party of Fujian Provincial Department of Human Resources and Social Securitys Party Groups Bulletin on the Improvement of the Exhibition of Inspection and Integration was recently published. In response to the feedback from the seven groups of Fujian Provincial Party Committees Inspection on insufficient attention to the sustainable issue of social security, the Party Group of Fujian Provincial Department of Human Resources and Social Security introduced five rectifications:

First, to achieve the unified collection and expenditure of the provincial funds, and to integrate the basic pension insurance fund for employees of enterprises in Xiamen into the unified management of the province. The accumulated balance fund at the end of 2018 can be paid for 20.56 months.

The second is to establish risk early warning mechanism, enhance the ability of large data analysis and early warning analysis of information system, and monitor the fund revenue and expenditure in real time. In April 2019, the operation of the basic pension insurance fund for enterprise employees from 2019 to 2024 was calculated and analyzed. From the calculation, there is no risk of fund gap in the operation of the basic pension insurance fund for enterprise employees in our province in the next six years.

Thirdly, we will continue to implement the plan of universal participation in insurance. On April 23, 2019, we gave a briefing on the progress of promoting full coverage of pension insurance personnel in the whole province in 2018. From May 1, we will reduce the contribution rate of basic pension insurance units for employees of enterprises to 16%. Fourthly, strengthen the supervision and management of the fund, issue the work programme of fund management risk special inspection in April, issue the Notice on the Development of Fund Management Risk Special Inspection Work in the Province in June (Fujian Peoples Social Security Office [2019] 118), and organize cross-checks. Fifthly, we should actively promote the entrusted investment of the basic pension fund for urban and rural residents. Our provincial urban and rural residentsinsurance fund entrusted the National Council of Social Security Fund to invest 5 billion yuan. The first batch of entrusted funds of 3.269 billion yuan has been transferred to the designated account of the National Council of Social Security Fund. Source: Yang Zeyu_NF6036, Responsible Editor of Peng Mei News

Thirdly, we will continue to implement the plan of universal participation in insurance. On April 23, 2019, we gave a briefing on the progress of promoting full coverage of pension insurance personnel in the whole province in 2018. From May 1, we will reduce the contribution rate of basic pension insurance units for employees of enterprises to 16%.

Fourth, strengthen the supervision and management of the fund. In April, issue the special inspection program of fund management risk. In June, issue the notice on carrying out the special inspection of social insurance fund management risk in the whole province (min Ren she ban [2019] No. 118), and organize the cross inspection.

Fifthly, we should actively promote the entrusted investment of the basic pension fund for urban and rural residents. Our provincial urban and rural residentsinsurance fund entrusted the National Council of Social Security Fund to invest 5 billion yuan. The first batch of entrusted funds of 3.269 billion yuan has been transferred to the designated account of the National Council of Social Security Fund.