Core Viewpoint - The article emphasizes the importance of establishing a long-term mechanism for the social security fund to ensure the sustainable operation of the social security system in China, addressing challenges such as population aging and regional disparities in fund management [1] Group 1: Long-term Fund Collection Mechanism - The implementation of a universal insurance plan aims to eliminate household registration restrictions for insurance participation, enhancing coverage for flexible workers, migrant workers, and new employment forms [2] - The plan includes expanding the scale of basic pension and medical insurance for enterprise employees by incorporating more eligible individuals [2] - It also highlights the need for clear fiscal responsibilities and optimizing financial subsidies to support the social security fund [2] Group 2: Fund Coordination Mechanism - The establishment of a nationwide coordination system for enterprise employee basic pension insurance is crucial for balancing fund income and expenditure across regions [2] - The article advocates for provincial-level coordination in basic medical and maternity insurance to unify coverage, funding standards, and benefit policies, enhancing the system's fairness and sustainability [2] Group 3: Fund Value Preservation and Growth Mechanism - A focus on long-term investment strategies is essential for improving the fund's returns and risk management, with an emphasis on enhancing investment operations in stocks, real estate, and fixed income [3] - The article stresses the importance of solidifying the national social security fund's scale through prudent investment operations to effectively address the challenges posed by an aging population [3] Group 4: Fund Safety Supervision Mechanism - The development of a comprehensive risk prevention mechanism that integrates policy, management, information, and supervision is necessary for safeguarding the fund [3] - The article calls for legislative measures to enhance oversight capabilities and establish a unified, efficient safety supervision system for the social security fund [3]

Core Viewpoint - The report emphasizes the need for improving the social security fund system in China, advocating for a comprehensive approach to ensure the fund's safety and sustainability [1] Group 1: Social Security Fund Improvement - The former director of the Social Insurance Fund Regulatory Bureau suggests enhancing the actuarial system for social security funds [1] - There is a call for the continued transfer of state-owned capital to bolster the social security fund [1] - A long-term collection mechanism for the social security fund is recommended, along with a system for overall adjustment, value preservation, and safety supervision [1] Group 2: Development of Second and Third Pillars - The report advocates for a more coordinated development of the second and third pillars of the pension system [1] - It emphasizes the need for top-level design to clarify the functional positioning of these pillars [1] - The improvement of tax incentive policies is highlighted, particularly to allow multiple withdrawal methods for pension benefits [1] Group 3: Pension Products and Services - The introduction of more distinctive personal pension products is suggested to enhance service offerings [1] - Default investment services are recommended to facilitate participation in personal pension plans [1] - A comprehensive service system for personal pensions is proposed to ensure a full-chain service experience [1] Group 4: Long-term Assessment Mechanism - The establishment of a scientific, reasonable, and clearly defined long-term assessment mechanism for pension funds is emphasized [1]