The first wave of baby boomers retires two years later. Experts suggest delaying retirement and walking quickly step by step

category:Finance
 The first wave of baby boomers retires two years later. Experts suggest delaying retirement and walking quickly step by step


Yang Yansui believes that the retirement policy needs to adapt to the new normal, and the gradual step by step fast walk is a more appropriate choice. Delaying retirement is not only a parameter reform of the endowment insurance system, but also the establishment of a pension system to adapt to the age of longevity. By reducing early and increasing later, everyone can decide when to work.

Aging forced to delay retirement and speed up

First finance and Economics: since 2012, you have been calling for the reform of the old-age insurance system and raising the legal age for receiving pensions. What are your considerations?

Yang Yansui: every five years of increase in the age of the population, there will be a qualitative change in the whole economy, society and employment market. The aging schedule has long determined that we must reform the retirement age. 1963 was the peak year of Chinas birth, with more than 29 million people born in that year. In the next ten years, the annual birth population was more than 25 million. By the end of 2022, men born in 1963 will be 60 years old. They will retire in large numbers and the burden of pension insurance will continue to increase.

The impact of retirement on the endowment insurance fund is two-way. Todays payment is stopped, and tomorrows payment will start to be received. Therefore, the substantial increase in the number of retirees will definitely increase the pressure on the pension funds income and expenditure, and this effect will be immediate.

Under the impact of aging, the financial situation of Chinas endowment insurance fund is not optimistic. According to the budget of central adjustment fund in 2020, only 7 provinces are net contribution provinces, 21 provinces including Hunan, Anhui and Xinjiang production and Construction Corps are net benefit provinces.

Therefore, from the end of 2022, the government should introduce a package of pension insurance, including the statutory pension system, as soon as possible.

First finance and Economics: the gradual delay of retirement is the main direction of the current reform. The relevant departments also put forward the plan of extending one year every three years a few years ago. In your opinion, can a program like this one adapt to the current situation?

Yang Yansui: Although the relevant departments have not published a complete plan for delaying retirement, some reform contents have been revealed in recent years. On the whole, the direction of gradual reform will not change, but I dont think it will be so slow. If it is too late to walk in small steps like the original one, we should adopt the gradual step by step fast walk now. Because womens retirement age is relatively early, women can delay retirement one step at a time, or both men and women can delay it at the same time. However, womens delay is faster than mens. after all, most of the posts are not hard jobs, and the working conditions of men and women are not very different.

Early reduction and late increase of pension

Yang Yansui: retirement means quitting the labor market. In the past, they were all state-owned enterprises. When they retired from their units, they had no other place to work, so they had to get pension to support themselves. However, fundamental changes have taken place in the current employment market. Older people can do a lot of work. Therefore, we should forget the concept of retirement and pay attention to the standard of age for receiving pension. The state will set up a mechanism of reducing early and increasing later so that people can make their own choices.

As for the retirement age, we have to separate the retirement age from the retirement age in developed countries.

What I advocate is early reduction and late increase, that is, to set a standard age for receiving pension. Discount payment will be given if it is lower than this age, and reward will be given to those who are higher than this age. This is an incentive for those who choose to postpone retirement.

Whats more, China now has the conditions of early reduction and late increase. The average level of national pension has reached 3500 yuan. For example, if you leave early, you can get 3000 yuan or 2500 yuan, which will not cause poverty, but you can get more if you leave late. In this way, the common people will calculate by themselves how to arrange the retirement time, so that everyone can decide when they should work.

Delaying retirement is not a simple parameter reform, but a kind of system reform. We should establish a new retirement mechanism that adapts to the age of longevity.

The medical and nursing industry can absorb tens of millions of elderly employees

Yang Yansui: its a misunderstanding that delaying retirement affects the employment of young people. Especially after the rise of intelligence and Internet, many traditional jobs have disappeared. Young people are young peoples posts, while older people are older peoples posts. There are few overlapping and crowding out effect is not obvious. At the same time, the demand of aging has brought about a sharp increase in the number of posts in the medical and nursing industry, with a talent gap of more than 10 million. The longer the life span of the population is, the more people spend on medical care and maintenance, and the greater their contribution to GDP. There are many jobs in these industries. For example, the medical and nursing industry needs tens of millions of medical social workers and health managers. More importantly, the medical and nursing industry needs older people, especially older women, which can become an important employment field for women. It must also be emphasized that delaying retirement is a matter of public policy, and people can not adapt themselves. A series of problems such as employment service, job transfer training, social security, social status and company employment of the elderly need to be guaranteed by the government. Source of this article: Guo Chenqi, editor in charge of first finance and Economics_ NBJ9931

Yang Yansui: its a misunderstanding that delaying retirement affects the employment of young people. Especially after the rise of intelligence and Internet, many traditional jobs have disappeared. Young people are young peoples posts, while older people are older peoples posts. There are few overlapping and crowding out effect is not obvious.

At the same time, the demand of aging has brought about a sharp increase in the number of posts in the medical and nursing industry, with a talent gap of more than 10 million. The longer the life span of the population is, the more people spend on medical care and maintenance, and the greater their contribution to GDP. There are many jobs in these industries. For example, the medical and nursing industry needs tens of millions of medical social workers and health managers. More importantly, the medical and nursing industry needs older people, especially older women, which can become an important employment field for women.

It must also be emphasized that delaying retirement is a matter of public policy, and people can not adapt themselves. A series of problems such as employment service, job transfer training, social security, social status and company employment of the elderly need to be guaranteed by the government.