Optimization of the Pension System to Advance Common Prosperity
The pension system,as one of the most attention-grabbing social security programs,holds the potential to contribute to the accumulation of societal wealth,shared social development,and comprehensive individual growth,ultimately fostering common prosperity.Despite notable strides in China's pension reform and development over the decades,historical and practical factors limit its effectiveness in poverty alleviation.The current system's impact on employment,entrepreneurship,economic growth,and income distribution falls short of common prosperity goals.In the ongoing pursuit of common prosperity,it is essential to clarify the pension system's functional positioning,optimize its structure,and enhance its adaptability to economic and social development.The aim is to construct a fairer,more sustainable,and efficient pension system.The current focus includes narrowing gaps in public pension benefits among different groups of people,promoting steady parametric reforms,and accelerating the establishment of a mechanism ensuring the long-term balance of fund revenue and expenditure.