From 1st to 4th April 2019, the SPRP C2 conducted two pilot visits to Tianjin and Nanning (Guangxi province). The team was composed by Mr. Michele Bruni (Resident Expert), Mr. Yang Liangjin (Social Security Department, central MoF) the experts Mr. Mel Cousins and Ms. Yu Guo, and the C2 assistant, Valentina Pignotti.
The pilot mainly focused on the financial management and supervision of the urban pension system in the two provinces.
The mission aimed at investigating on the current status & main challenges of pooling mechanism of the pension system at the provincial level, including good experiences and issues to pay attention to; on the revenue and expenditure, financial subsidies, balances of the urban pension funds and the operational forecasts for the next few years.
The final output of the activity will be a set of policy suggestions to enhance the sustainability of the fund, better protect the level of treatment of the insured, and further improve the urban pension system.
The pilot activities started on April 1st in Tianjin, where the group held a seminar with the Tianjin Financial Bureau and then visited two Social Insurance Centers. From April 2nd to 4th activities included seminars with the Nanning Financial Bureau, visit to the Social Insurance Center, visit to the Nanning city elderly welfare institute.