Zhongxin Jingwei Client April 20 (Zhang Yunan) Every year, related topics such as whether pensions are rising and how to adjust them have been highly concerned by the people. According to the incomplete statistics of Sino-Singapore Jingwei client, since January 1 this year, 11 provinces have implemented new basic pension standards for urban and rural residents. Among them, many provinces have clearly stated that they will be inclined to the elderly aged 65 and over and those who have exceeded the minimum payment period.

　　11 provinces took the lead in opening the upward adjustment window.

　　In March this year, the Ministry of Human Resources and Social Security and the Ministry of Finance jointly issued a document clarifying that from January 1, 2019, the basic pension level will be raised for retirees of enterprises, institutions and institutions who have gone through retirement procedures according to regulations and received basic pensions on a monthly basis before the end of 2018. The overall adjustment level is about 5% of the monthly basic pension for retirees in 2018. So far, China’s urban employee retirees’ pension has achieved 15 consecutive increases.

　　At the same time, the basic pension for urban and rural residents has also shown an upward trend in recent years. The Zhongxin Jingwei client noticed that since 2019, 11 provinces including Shanxi, Guangdong, Hebei, Henan, Ningxia, Heilongjiang, Qinghai, Tibet, Jiangsu, Yunnan and Jiangxi have successively issued specific implementation opinions on the normal adjustment mechanism of basic pensions for urban and rural residents.

　　According to the work report of Guangdong provincial government in 2019, the minimum standard of basic pension for urban and rural residents in Guangdong province will be raised from 148 yuan per person per month to 170 yuan this year. Henan Province announced that it has decided to raise the minimum standard of provincial basic pension from 98 yuan per person per month to 103 yuan per person per month from January 1, 2019. Jiangsu Province issued a document saying that the minimum standard of basic pension will be raised from 135 yuan per person per month to 148 yuan … …

　　At the same time, many provinces have adjusted the grade standards of individual contributions. For example, Qinghai Province has added four higher-grade standards. Shanxi Province adjusted the minimum payment grade and the maximum payment grade to 200 yuan and 5,000 yuan per person per year respectively. In Yunnan Province, the payment grade standard of 3,000 yuan is added, and the insured can pay according to 13 payment grade standards, ranging from the lowest 100 yuan to the highest 3,000 yuan.

　　Tilt for people aged 65 and over.

　　It is worth noting that, at present, all provinces have shown a preference for the elderly and those who have exceeded the minimum payment period in determining the specific plan for the adjustment of pension benefits.

　　For example, Shanxi Province proposed to issue additional basic pensions to urban and rural elderly residents aged 65 and above, with the minimum standard of 5 yuan per person per month. The adjustment plan issued by Guangxi shows that the basic old-age pension will be added to the urban and rural elderly residents aged 65 and above.

　　Some provinces have a more detailed division of the age group of the insured. Hebei Province proposes to tilt towards the elderly residents aged 65 and above. After the recipients reach the age of 65, the basic pension will increase the 1 yuan per person per month on the basis of the base; After reaching the age of 75, increase 2 yuan; After reaching the age of 85, 3 yuan will be increased, and the required funds will be shared by the provinces, cities and counties. Ningxia proposed that the basic pension for urban and rural elderly residents should be increased by 2 yuan per person per month if they are over 65 years old and under 70 years old; At least 70 years of age but under 75 years of age, 4 yuan will be increased per person per month.

　　In terms of payment years reward, Qinghai Province has made it clear that if the payment period exceeds 15 years, the basic pension 10 yuan will be added every month for each additional year of payment period. Hebei Province and Shanxi Province pointed out that the cumulative payment period exceeds 15 years, and the 1 yuan will be increased every month for each additional year. Jiangxi Province has proposed that the payment period will exceed 15 years, and for each additional year, the basic pension will be increased by 2% every month.

　　The Ministry of Human Resources and Social Security and the Ministry of Finance have issued a document clearly stating that local governments should raise the basic pension standard according to local conditions and give appropriate tilt to urban and rural elderly residents aged 65 and above; For long-term payment, more than the minimum payment period, the basic pension should be appropriately added.

　　The relevant person in charge of the Ministry of Human Resources and Social Security said that this is due to the fact that the old-age insurance system for urban and rural residents has not been established for a long time, some older elderly residents have not paid fees or the payment period is not long, and there is no personal account pension or the amount is low, but they have made important contributions to the country’s economic and social development in the past. The person in charge further stated that the local government should appropriately increase the basic pension for long-term payment and exceed the minimum payment period, which is to encourage individuals to pay for a long time from the "export end" of treatment.

　　Industry: Pension can consider investing in corporate bonds.

　　Lu Aihong, spokesperson of the Ministry of Human Resources and Social Security, once pointed out that in 2018, both the entrusted investment of the pension insurance fund and the funds received have increased significantly, especially the investment in the basic pension insurance fund for urban and rural residents has achieved practical results. The data shows that by the end of 2018, there were 523.92 million people participating in the endowment insurance for urban and rural residents nationwide, of which 158.98 million actually received benefits, and more than 49 million poor people directly benefited.

　　Yang Yansui, a professor at the School of Public Administration of Tsinghua University, believes that entrusted investment in the basic old-age insurance fund for urban and rural residents to maintain and increase the value of the pension fund can encourage residents to pay more and pay more, increase the accumulation of personal pension and improve the payment level of residents’ old-age insurance.

　　Among the many channels of pension investment, it has to be mentioned that the pension entering the market as one of the measures to preserve and increase the value has attracted much attention in recent years.

　　The entry of pension into the market refers to the securities investment of individual account funds in the basic old-age insurance fund. Yang Lixiong, deputy director of China Social Security Research Center of Renmin University of China, believes that the risk of pension investment in the capital market is not small. He suggested that pensions can consider investing in corporate bonds. "Although the risk of investing in corporate bonds is also high, because many corporate bonds in China are state-owned bonds, the risk is much smaller, and the future income of the invested projects can be expected." Yang Lixiong said.

　　Tang Jisong, director of the Fund Supervision Bureau of the Ministry of Human Resources and Social Security, said that in order to cope with the risks of fund investment and operation, we should promote the continuous expansion of the investment and operation scale of pension funds, guide local governments to establish the concept of long-term investment, and encourage local governments to continue and expand the entrusted investment scale of basic pensions. (Zhongxin Jingwei APP)