First, a considerable part of the self-supporting unit is not within the scope of financial security; Second, the current formulation is calculated and paid, that is, the first 'journal', the pension of retirees actually by serving individuals and unit to pay part of the burden of rolling, and each person's pension benefits is not simply the accumulation of a lifetime to pay pension premiums; Furthermore, net units and individuals to pay part of the financial fund just part fallback insufficient to ensure that pension Kim paid in full. In addition, Jiangsu clearly defined, organizations and institutions of basic pension insurance fund alone establish accounts, strict budget management, into the social security fund fiscal accounts. All levels of social sectors, the financial sector, the provincial authority in accordance with their respective responsibilities, the management of revenue and expenditure of the fund supervision and to ensure their security. Establish accounts separately managed funds, do not mix with the enterprise funds, organizations and institutions to avoid the 'eat' too corporate pension funds balances. It is reported that Jiangsu provincial funds have all been put in place. Meanwhile, after calculation, individual cities and counties the current fund balance of payments surplus still exists. After taking into account the adjustment parts of Jiangsu, part of the increase in staff salaries, may be insufficient to fully compensate for the individual pension contributions, current income will decline actually, countries have agreed to all provinces, including Jiangsu, including provisional measures ensure that staff does not decrease the overall current income and improved. At present, the Jiangsu provincial government departments and institutions endowment insurance number over 2.5 million, of which serving 150 million people. After the implementation of reform measures, Jiangsu is expected to at least 150 million people get their pension. Occupational pension funds moved into the province, unified operation, enterprises still need to transfer the pension relationship more smoothly, said Zhu Hua, one of the highlights of this reform is to 'pay more too' 'long pay little more.' After the reform, the number of years according to my payment, payment of the length to calculate pensions. Pay more, the higher the level of treatment; the same individual accounts accumulate the more the later retirement, the higher the level of treatment. According to regulations, organizations and institutions participating in the basic old-age insurance, while occupational pension should be established for its staff. Jiangsu accordance
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