Deputy Minister of Human Resources and Social Security： The implementation of personal pension should make people understand and operate well.

　　"The implementation of personal pension should be convenient and fast. A good policy must be clear, understandable and easy to operate. This also requires us to continuously improve the construction of personal pension information management service platform and strengthen information interaction and sharing." On November 23rd, Jong Li, Vice Minister of Ministry of Human Resources and Social Security, said at the 2022 Financial Street Forum.

　　With the implementation of personal pension, fiscal and taxation policies, financial product rules and other supporting policies have been introduced one after another, the personal pension system with China characteristics has been initially established, the docking test of personal pension information management service platform has progressed smoothly, and it basically has the ability to run online. The first batch of financial institutions participating in personal pension business have been identified, and personal pension products have been promoted one after another.

　　Jong Li said that at present, all preparations for personal pension have been basically completed and will be implemented soon. The implementation of individual pension involves the government, many financial supervision departments and financial institutions, and it is necessary to continuously strengthen work coordination and form a joint effort. Next, we will do our best to implement the personal pension system.

　　Jong Li said that individual pension is a government policy support suitable for China’s national conditions, and individuals voluntarily participate in market-oriented supplementary pension insurance. It is necessary to pay attention to the guiding role of the government, rationally divide the responsibilities of state units and individuals for providing for the aged, make full use of tax incentives and other supporting policies, and guide qualified personnel to actively participate, so that the people can add another accumulation on the basis of the basic old-age insurance and get another guarantee after retirement. Good policies can only be understood by the masses, and only when they are fully understood can they actively participate. In this regard, Jong Li proposed to continuously expand the awareness of policies and do a good job.

　　Report to the 20th CPC National Congress regards safety standards as an important goal of social security system construction in the coming period.

　　Jong Li stressed that the implementation of individual pension should adhere to safety standards. "Personal pension has a long business chain, many management links and a long investment and operation cycle, which is related to the vital interests of the people. We need to firmly establish a sense of risk, make overall plans for development and safety, strictly supervise and manage according to the division of responsibilities, form a joint force of supervision, realize the benign operation and safe and standardized development of personal pension, and protect every pension money of the people."

　　At the same time, he pointed out that personal pension is a brand-new system, which should be implemented step by step, and there will be some unexpected situations and problems in its implementation. It needs to be piloted in some cities or regions first, and the accumulated experience is gradually pushed forward. In the future, with the personal pension system covering the whole country, all qualified personnel can participate. Summing up experience through pilot projects, finding new situations and problems in time, constantly studying and improving relevant policies and formulating more attractive policies, designing more stable financial products, and studying the conditions and paths for the connection between the two pillars.