The report on the implementation of the central and local budgets in 2019 and the draft budgets of the central and local governments in 2020, released in May this year, mentioned that it is necessary to comprehensively promote the provincial coordination of basic endowment insurance and ensure the realization of unified revenue and expenditure at provincial level by the end of 2020. We will accelerate the overall planning of endowment insurance across the country.
Lu Aihong said that 26 provinces and Xinjiang production and Construction Corps have realized the unified revenue and expenditure of the fund at the provincial level. We will do a good job in the central adjustment of the basic endowment insurance fund for enterprise employees, and the funds have been paid in place in the first three quarters.
The adjustment of basic pension for retirees has been completed
In April this year, the Ministry of human resources and social security and the Ministry of Finance jointly issued the notice on adjusting the basic pension of retirees in 2020, which makes it clear that the basic pension level of retirees will continue to be increased in 2020, and the overall adjustment level will be 5% of the monthly per capita basic pension of retirees in 2019. The basic pension of enterprise retirees in China has been increased for 16 consecutive years.
According to the Ministry of human resources and social security, as of the end of September, the number of basic endowment insurance, unemployment insurance and work-related injury insurance were 987 million, 212 million and 263 million respectively, all of which completed the 13th five year plan ahead of schedule.
Among them, from January to September, the total income of the three social insurance funds was 3.57 trillion yuan, and the total expenditure was 4.22 trillion yuan. At the end of September, the accumulated balance was 6.28 trillion yuan, and the overall operation of the funds was stable. As of the end of September, the number of social security card holders was 1.325 billion, covering 94.6% of the population. A total of 255 million e-Social security cards were issued, and 221 regions in 27 provinces opened the e-Social security card mobile payment application.
Changes in individual shares held by local pension
According to the information disclosed in the third quarterly report of listed companies, among the 15 stocks, Hongqi chain, gibbet, Riyue increased their holdings, involving retail industry, Internet and other industries; top group, xinyangfeng, Jidong Cement and other shares decreased; Weisheng information, Chifeng gold, Chenming Paper and other individual stocks also won the favor of pension.