Abstract Security Institute, director of Human Resources and Social Ministry said in Beijing Jin Weigang 27, to delay retirement program will be formally introduced next year. After the introduction, there will be a transition period of about 5 years, or officially implemented by 2022. Jin Weigang was held on the same day in China's pension finance 50...
Jin Weigang, director of the Institute of Human Resources and Social Security, said in Beijing on the 27th that the delayed retirement plan will be officially introduced next year. After the introduction, there will be a transition period of about 5 years, or officially implemented by 2022. Jin Weigang made the above remarks at the first summit of the 50-member China Pension Finance Forum held on the same day. In the forum speech, he said that one of the key points in the reform of the pension insurance system during the 13th Five-Year Plan period was to promote the reform of the pension insurance system for the institutions and institutions. After the introduction of the reform plan last year, it has not been formally implemented and will be formally implemented this year.
He said that in order to cope with the aging of the population, it is necessary to establish a sound old-age security system, and to achieve full coverage of the system and full coverage of the legal population. The implementation of the reform of the endowment insurance system of government agencies and institutions is expected to include 50 million people in this system, including more than 38 million in-service and more than 15 million retirees.
Regarding the delayed retirement policy, Jin Weigang said that due to the current low retirement age, it is necessary to moderately increase the statutory retirement age and achieve a gradual approach to delaying the retirement age. This involves the vital interests of the broad masses of employees, especially the differences between the various groups. They should adhere to the people-oriented principle, taking into account the situation of different groups, and try to be as safe as possible when formulating policies.
"There are a lot of complicated situations. If you simply use a policy of 'one size fits all' approach and let everyone implement it in this way, you may encounter some contradictions and problems. This aspect still needs some flexibility." Jin Weigang said Delayed retirement involves many factors, not just considering the fund's revenue and expenditure, but also considering other factors, and taking all factors into account. Internationally flexible retirement mechanisms can draw on this experience.
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