Ministry of Human Resources and Social Security: The delayed retirement plan will be launched this year, and differential treatment will be considered

(Original title: Minister of Human Resources and Social Security Yin Weimin: Delayed Retirement is Really Coming)

Despite the dazzling stars on the ministerial channel on the 9th, Minister of Human Resources and Social Security Yin Weimin became the Z hot topic of the day due to two hot topics: delayed retirement and employment.

Delaying retirement has always been widely concerned as a matter of vital interest to the people. Yesterday, Yin Weimin stated in an interview with reporters including the Financial Daily at the Great Hall of the People that there is currently a plan and formula circulating online to delay the retirement age, which is a misreading and not the correct solution.

Delayed retirement plan launched this year

There is a gap between the basis, target age, etc. inside and the plan being formulated, "Yin Weimin also revealed. This year, the full text of the plan will be released, and social opinions will be solicited. After modification, it will be released according to the procedure.

The delayed retirement plan, which is still under discussion, is finally about to be launched, and the first to be affected are the people born in the 1960s and 1970s. Some National People's Congress deputies believe that delaying retirement can increase or decrease the amount of pension insurance for several years, which is also beneficial for filling the current pension gap. This is a universal approach to solving the problem of elderly care worldwide, and it is also a solution that must be taken. In the long run, the benefits outweigh the drawbacks.

Yin Weimin said that policies such as delaying retirement are based on how to ensure the sustainable development of pension insurance in the context of an aging population. In specific implementation, we will consider four directions: differentiated treatment, separate implementation, advance notice, and advance notice.

At the end of 2015, the Chinese Academy of Social Sciences released the "Green Paper on Population and Labor" (hereinafter referred to as the "Green Paper"), suggesting that China delay retirement from 2018 onwards. The Green Book proposes a two-step reform plan for the retirement age of employee pension insurance.

*Step: When the pension system is merged in 2017, the distinction between the identities of female cadres and female workers will be abolished, and the retirement age for women in the employee pension insurance will be uniformly set at 55 years old.

Step 2: Starting from 2018, the retirement age for women will be delayed by one year every three years, and for men it will be delayed by one year every six years, until reaching the age of 65 by 2045.

The task of employment is arduous

Under the pressure of reducing production capacity and economic downturn, will the previously impressive employment data in China show a downward trend this year? In response to this question, Yin Weimin stated that the central government has formulated relevant measures to cope with possible employment pressure.

He said that the government work report has summarized and affirmed the employment work in 2015, and the overall stability of employment during the 12th Five Year Plan period is a highlight of economic operation.

Summarizing past work, there are three main reasons why current employment is better than expected. Yin Weimin said that firstly, thanks to the central government's attention, employment has been regarded as the primary goal of economic and social development, and active employment policies have been implemented.

Secondly, thanks to the economy maintaining a medium to high growth rate, with a growth rate of 6.9%. China's current economic growth capacity is larger, and the employment capacity has also greatly increased. During the 11th Five Year Plan period, every one point increase in the economy can drive 1 million new urban jobs, and this number has greatly increased during the 12th Five Year Plan period.

After Z, the stability of employment benefits from structural adjustment and the release of reform dividends. The service industry (accounting for over 50% of GDP) contributes more to new employment than the primary and secondary industries. Entrepreneurship and innovation have played a huge role in employment.

When it comes to the work deployment for the new year, Yin Weimin said that this year's government work report has determined to create more than 10 million new jobs and control the registered unemployment rate within 4.5%. This task and goal are arduous.

The current employment situation can be summarized in two sentences: the situation is complex and the task is arduous. "He said that there are several major factors that affect employment: first, resolving overcapacity will result in some workers being laid off and diverted; Secondly, under the pressure of economic downturn, some enterprises are facing operational difficulties and the demand for employment is decreasing; Thirdly, the youth group mainly composed of college graduates face greater employment pressure, with over 7.6 million graduates this year, an increase of over 600000 compared to last year; Fourthly, there are also over 7 million young laborers with low to medium education levels, totaling over 15 million, which puts a lot of pressure.

Despite the arduous task, he expressed full confidence. Yin Weimin analyzed that firstly, the Chinese economy will continue to maintain healthy and stable development, with GDP growth of over 6.5% laying a good foundation and prerequisite for employment. In addition, more measures will be taken to increase employment opportunities.

From this year's specific measures, Yin Weimin introduced that efforts will be made to develop employment opportunities, especially in coordination with macro policies and industrial policies, especially through the development of service industries, new business models, and new economies (to drive employment). In addition, multiple measures should be taken to properly handle the distribution of laid-off workers. Meanwhile, we will continue to implement employment and entrepreneurship plans for college students. After Z, vigorously strengthen vocational training and improve employability. The government will also enhance the construction of the service system and provide better services.

Wu Jiang, a member of the National Committee of the Chinese People's Political Consultative Conference and former president of the Chinese Academy of Personnel Sciences, said that this year's policies still need to be further implemented when discussing the current employment policy. From the current perspective, big cities are relatively good with high entrepreneurship and employment rates, such as Beijing, Shanghai, Guangzhou, Nanjing, Hangzhou, Chengdu, etc

Wujiang said that in the future, policies should be more inclined towards western and second tier cities. He also believes that employment policies, macroeconomic policies, and industrial policies should be coordinated and promoted to create more job opportunities. In addition, the national policies to support college students' employment, entrepreneurship, and vocational training all need to be implemented specifically.