Employee surplus pension smart into a big plate? It's a misunderstanding.

"If you die before retirement, this part of the money can be returned to your personal account, if you die after retirement, this part of the money can only go into the ' big plate ', unfair to the workers, for the endowment Insurance, the National People's Deputies Ren Qin New Day said," Wage earners with decades of career pay, may be dead to pay the money has not yet Confiscation ', can we only hope to live longer? ”

As far as the specific system design of endowment insurance in China is concerned, the question of "the forfeiture of residual pensions after the death of a worker" is a misconception misunderstood by the new representative of Qin.

As we all know, the current employee endowment insurance in China is a kind of "social co-ordination + personal account" mode, and the corresponding pension insurance payment model is: The unit payment is credited to the social co-ordination, individual payment is credited to the personal account. Social co-ordination as the name implies, is to reflect the benefits of endowment insurance, must be confiscated, and the individual accounts according to the existing legislation, is still vested in individuals, can inherit. "Social Insurance Law" stipulates that "personal death, personal account balances can be inherited." And the Ministry of Social Security, "the implementation of a number of provisions of the law" also clear, "the participation of employees in the basic endowment insurance after the death of the personal account of the balance can be all legally inherited." ”

This means that, according to the current regulations, the insured workers, whether before or after retirement, their personal account funds do not exist has not been confiscated after the issue. In the case of death before retirement, the individual account funds can all be inherited, and if they die after retirement, the balance can also be inherited by law. According to current pension standards, "personal account pension monthly standard for individual account storage divided by the number of months", such as the retirement age of 60 years, "the number of months" for 139 months. This means that if a worker retires at the age of 60, the personal account Fund is 71 years and 7 months old, and there will be an inheritable personal account balance before death.

But in emphasizing the "confiscation" misunderstanding, if standing in the current endowment insurance system in China's long-standing "personal account empty accounts run" reality, as well as the reflection of the long-term payment gap and sustainable perspective, but also must be aware that the confiscation concerns are not completely unrealistic basis. As we all know, before the implementation of the Endowment insurance system, a large number of unpaid old workers "depending on the contribution" of the historical arrears have not been filled in time through the government's finances, resulting in the current payment staff of personal account funds are diverted to the old workers pension, and then become more and more large, and increasingly difficult to do real personal accounts empty account.

Data show that 2013 this empty account size has been as high as 3.1 trillion yuan. If this personal account is diverted, the empty account operation, also regarded as a confiscation, the new representative of Qin's worry about the pension equity problem does exist, and indeed to the current payment of staff unfair. Because under this kind of empty account operation, even after the employee dies, "The personal account balance may inherit", the inheritable fund also is not the personal account real existence balance, but can only from other and the next generation employee personal account continues to misappropriate.

More importantly, in addition to the lack of fairness, limited by the huge personal accounts and the reality of population aging, the existing "social co-ordination + personal account" Pension mode is in fact unsustainable and unsustainable. As deputy Prime Minister Ma Kai pointed out earlier, "if our system does not change, the mechanism does not turn, the policy does not adjust, the gap is inevitable, not stint gap, but a huge gap." According to the Academy of Social Sciences report, to 2012 years as the benchmark, China's urban workers Basic Endowment insurance invisible debt as high as 86.2 trillion yuan.

Therefore, the key to the current endowment insurance system is not the problem of forfeiture of residual pensions, but how to solve its sustainable problems by comprehensively deepening the reform, and to establish a more equitable and sustainable social security system.