Li Qiang Emphasizes Expanding Coverage of Enterprise Annuities and Enhancing Sustainability of Social Security Funds

On November 12, the State Council held its twenty-second special study session, themed "Improving the Multi-level Social Security System and Further Strengthening the Social Security Safety Net." Premier Li Qiang emphasized during the study that it is essential to deepen the reform of the social security system, establish a multi-level social security system that covers all citizens, coordinates urban and rural areas, is fair and unified, secure and standardized, and sustainable, ensuring that the achievements of modernization benefit all people. Efforts should be made to accelerate the filling of gaps in the social security system, expand the coverage of enterprise annuities, enhance the attractiveness of the individual pension system, support the development of commercial health insurance, and steadily advance the construction of a long-term care insurance system. Additionally, it is necessary to enhance the long-term sustainability of social security funds, improve the national coordination system for employee pension insurance, promote provincial-level coordination of basic medical insurance, and strengthen the safety supervision and value preservation of social security funds.

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