Pensions for Enterprise Retirees Raised by Another 10%, Wen Jiabao Makes Arrangements

Core tip: Speaking while delivering the government work report at the Third Session of the Eleventh National People's Congress on March 5, Wen Jiabao said that the basic pensions for enterprise retirees will be raised by another 10% this year. It is necessary to accelerate the building of a more complete social security safety net so that the people have basic guarantees and no worries. Xinhua News Agency, Beijing, March 5 - Premier Wen Jiabao of the State Council said while delivering the government work report at the Third Session of the Eleventh National People's Congress on March 5 that it is necessary to accelerate the building of a more complete social security safety net so that the people have basic guarantees and no worries.

Wen Jiabao said it is necessary to accelerate the improvement of the social security system covering both urban and rural residents. The pilot program for the new rural social pension insurance should be advanced in a solid manner, with the pilot scope expanded to 23% of counties. The remaining problems, such as basic old-age security for retirees of uninsured collective enterprises, should be resolved at a faster pace. All 1.3 million people with “old work-related injuries” nationwide should be fully incorporated into the scope of work-related injury insurance. Migrant workers should be actively encouraged to participate in social insurance. Urban and rural subsistence allowance work should be strengthened, with dynamic management and guaranteed coverage for all those who qualify truly implemented. The development of the social security and service systems for people with disabilities should be strengthened, the various policies for supporting and assisting people with disabilities should be further implemented, and a better environment should be created for them to participate in social life on an equal footing. Basic pensions for enterprise retirees will be raised by another 10% this year.

Wen Jiabao said that governments at all levels should further increase investment in social security, and the central finance plans to allocate 318.5 billion yuan. The national social security fund should be increased through multiple channels, supervision should be strengthened, and value preservation and appreciation should be achieved.