Nearly one trillion basic pension funds were put into operation in the third quarter

category:Finance
 Nearly one trillion basic pension funds were put into operation in the third quarter


Data source: Ministry of human resources and social security

According to Lu Aihong, as of the end of September, 987 million people, 212 million people and 263 million people participated in the basic endowment insurance, unemployment insurance and work-related injury insurance, all of which completed the 13th five year plan ahead of schedule.

From January to September, the total income of the three social insurance funds was 3.57 trillion yuan, and the total expenditure was 4.2 trillion yuan. The accumulated balance at the end of September was 6.28 trillion yuan, and the overall operation of the funds was stable. By the end of September, there were 1.325 billion social security card holders, covering 94.6% of the population.

Lu Aihong said that the reform of the social security system continued to deepen, and the provincial overall planning of endowment insurance funds was comprehensively promoted. The central adjustment of the basic endowment insurance fund for enterprise employees has been paid in place in the first three quarters. At the same time, social security benefits were paid in full and on time. The adjustment of basic pension for retirees has been fully completed, benefiting more than 120 million retirees.

From January to September, a total of 5.64 million enterprises were granted unemployment insurance, and 85 billion yuan was returned to stable posts, benefiting 145 million employees. By the end of the third quarter, 255 million e-Social security cards had been issued, and 221 regions in 27 provinces had launched e-Social security card mobile payment applications.

The effect of the exemption and reduction policy of social security continued to show. All localities have conscientiously implemented the policy of extending the implementation period of phased reduction and exemption of social security fees for enterprises. As of September, the three social insurances of basic endowment insurance and unemployment work-related injury have reduced or remitted 910.7 billion yuan of social security fees for enterprises and deferred payment of 61.6 billion yuan of social security fees.

Lu Aihong said that the next step of work arrangement is to further implement the policy of phased social security fee reduction and exemption, so as to ensure that the basic pension for retirees is paid in full and on time. We will continue to optimize the handling services and make every effort to promote the implementation of the policy of expanding the scope of unemployment insurance. The second is to promote the provincial overall planning of basic endowment insurance for enterprise employees, and carry out assessment and acceptance of provinces that have achieved provincial unified income and expenditure. Strengthen the risk prevention and control of social security fund.

In terms of pension fund balance, Nie Mingjun, director of the endowment insurance Department of the Ministry of human resources and social security, once said at the press conference of the Ministry of human resources and social security in the second quarter that it is expected to maintain a balance of more than 3.8 trillion yuan by the end of the year. In addition, there is a national social security strategic reserve fund of more than 200 billion yuan, with strong overall support capacity.

According to wind data statistics, as of October 22, according to the published data of the third quarter report of 2020, a total of 41 companies shareholders have emerged pension funds, with a total shareholding of 794 million shares and a total shareholding market value of 9.742 billion yuan.

Source: China Securities Journal Editor in charge: Yang Bin_ NF4368