What Is the Guaranteed Minimum Pension?

The minimum living security refers to a type of social security system, which refers to the state's social security system that provides a certain amount of cash assistance to the population whose per capita income is lower than the minimum living standard announced by the local government to ensure the basic living of the family members. The minimum living guarantee line is also the poverty line. The practice of granting corresponding subsidies to people who reach the poverty line to ensure their basic living.

Minimum living guarantee

(1) It is a living cost subsidy that guarantees basic living.

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The minimum living security for rural residents is for families whose per capita net income is lower than the local minimum living standard.

At present, the development of China's rural minimum living security system is roughly equivalent to the situation of the urban minimum living security system in the second half of 1997. It is at a critical moment that can be fully covered by a push, and may progress slowly if it is not promoted by external forces. To make a substantial breakthrough in this system, the central government should play a more active role. ^[5]

On September 27, 2012, the State Council held a national teleconference on strengthening and improving the minimum living security. Hui Liangyu, a member of the Political Bureau of the CPC Central Committee and deputy prime minister of the State Council, emphasized at the meeting that the minimum living security is a basic institutional arrangement made by the party and the government to guarantee the basic lives of people in need. All regions and relevant departments should further improve their ideological understanding, take the theme of protecting and improving people's livelihood, and strengthen the responsibility as the main line, adhere to the policy of maintaining basic, sustainable, fair and practical results, improve regulations and policies, strictly regulate management, and be practical Include all the people who meet the minimum living security requirements into the scope of protection, improve the transparency of work, strengthen the implementation of the system, expand the depth of people's participation, and strive to build a standard working environment with scientific standards, accurate objects, fair treatment, and orderly entry and exit. ^[7]

The standard of minimum living security for urban residents refers to a social relief standard formulated by the state to ensure that urban residents reach the minimum standard of living. Whether the standard is reasonable or not is related to the smooth implementation of the system. The standards are set too high. One is to increase the national and local financial burden, and the other is to promote people's dependence on ideas, which has a negative effect. The standard is set too low to protect the basic lives of poor residents.

The determination of the minimum living security standards should take into account the following factors:

• Per capita living standards in the region;

• The costs necessary to maintain a minimum standard of living;

• Level of economic development and financial situation;

• Price index during this period

Determination and release of minimum living security standards

1. The minimum standard of living security is determined according to the expenses necessary to maintain the basic living of residents and villagers in the local area.

2. The minimum living security standards for cities divided into districts shall be formulated by the civil affairs department of the Municipal People s Government in conjunction with the financial and statistical price departments, and reported to the people s government at the same level for approval and announced implementation. The civil affairs department of the people's government, together with the departments of finance, statistics, and price, shall formulate and submit the report to the people's government at the same level for approval and report to the people's government at the next higher level for record and implementation.

The local people's government may determine and implement different minimum living security standards based on urban-rural differences.

The local people's government should make timely adjustments to the minimum living standard in accordance with economic and social development. ^[8-9]