First-quarter Social security fund spending increases significantly above income growth

Xinhua BEIJING April 23, Reuters Human Resources and Social Security spokesman Yin Chengki in a news conference held on 23rd, revealed that from January to March this year, the total income of the five social insurance funds and 337.8 billion yuan respectively, the year-on-year growth of 14.9% and 21.5% respectively.　　He said that the five social Insurance fund total expenditure increase is significantly higher than the total income growth, reflecting the government's initiative to adjust the stock structure of Social Security Fund, efforts to improve the people's livelihood policy.　　Yin Chengki introduced, as at the end of March, the national participation in urban basic endowment, basic medical care, unemployment and maternity insurance increased by 4.19 million, 3.2 million, 140,000, 1.12 million people, the number of workers in the industrial injury insurance decreased by 380,000. As at the end of March, the number of new agricultural insurance insured in the country amounted to 46.85 million.　　The cumulative balance of the new Agricultural Insurance fund is 24.269 billion yuan, the total number of more than 25 million expropriated farmers in the country into the basic living or old-age security system, the country into the community management of the enterprise retirees reached 39.4 million people, compared to the end of last year, increased 610,000 people, the social management rate of 75.2%. Referring to the next work arrangements, he said, one is to actively and steadily promote the reform of social security system, promote the new rural social Endowment insurance pilot, and actively cooperate with the legislature to review the Social Insurance Law (draft), to expedite the settlement of the collective enterprise workers and other groups of old-age security problems. Second, to ensure the completion of the annual expansion of the task, to promote migrant workers, flexible employment and urban residents and other groups to participate in social insurance. Third, continue to steadily improve the level of social insurance treatment, and gradually form the normal adjustment mechanism of basic pensions for enterprise retirees, raise the standard of unemployment insurance and work injury insurance, and reduce the burden of personal medical expenses. Strengthening the supervision and management of the Fund, compiling the budget of the National Social Insurance Fund, formulating the financial system of the new agricultural insurance and promoting the development of enterprise annuity.