养老保险新投资方案将上报

 　　Social Security minister Yin Weimin says potential changes to the pension fund investment program are going to be submitted to the NPC Standing¹ Committee later this year.

　　"Our first priority is to allow market to manage pensions. The fund will be run by professional investment agencies based on market rules. Secondly², we want to diversify³ investment channels. Apart from buying treasury⁴ bonds and bank investments, we plan to choose projects which we feel have good financial prospects⁵. In saying that, we are going to pay particular attention to try to avoid risks. Only a certain part of the pension fund will be allocated⁶ toward stock market investment."

　　Under the current rules, money held by the government in the pension fund can only be invested in treasury bonds and bank deposits.

　　养老保险新投资方案下半年报国务院

　　This has only produced an annualized investment yield of around 2-percent for the past few years, meaning the pension fund has been losing money, as its yield has been below the rate of inflation.

　　Yin says the new investment plan is designed to boost the value of the pension funds.

　　Apart from that, Human Resources vice-Minister Hu Xiaoyi says that even when in deficit⁷, the pension funds for Party Staff and government employees will not eat into the funds for enterprise employees.

　　"Pensions for Party Staff and public institutions are funded by the public finance. Their pension funds are operated independently and are not mixed with pension funds for enterprise employees."

　　Under the old, dual-track pension system, company employees were required to contribute 8-percent of their monthly salary to the pension system.

　　Government employees had been exempt⁸ from this, with pensions dolled out after retirement⁹ without making any contribution at all.

　　This was known as the "iron rice bowl," which made government jobs much more appealing.

　　Earlier this year, the State Council announced a reform plan to unify¹⁰ the dual-track system.

　　Government and public institution staff are now required to be brought under the same pension system as company employees.

　　For CRI, I'm Qi Zhi.

1 standing   

n.持续，地位；adj.永久的，不动的，直立的，不流动的

参考例句：

• After the earthquake only a few houses were left standing.地震过后只有几幢房屋还立着。
• They're standing out against any change in the law.他们坚决反对对法律做任何修改。

2 secondly   

adv.第二，其次

参考例句：

• Secondly,use your own head and present your point of view.第二，动脑筋提出自己的见解。
• Secondly it is necessary to define the applied load.其次，需要确定所作用的载荷。

3 diversify   

v.（使）不同，（使）变得多样化

参考例句：

• Our company is trying to diversify.我们公司正力图往多样化方面发展。
• Hills and woods diversify the landscape.山陵和树木点缀景色。

4 treasury   

n.宝库；国库，金库；文库

参考例句：

• The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
• This book is a treasury of useful information.这本书是有价值的信息宝库。

5 prospects   

n.希望，前途(恒为复数)

参考例句：

• There is a mood of pessimism in the company about future job prospects. 公司中有一种对工作前景悲观的情绪。
• They are less sanguine about the company's long-term prospects. 他们对公司的远景不那么乐观。

6 allocated   

adj. 分配的 动词allocate的过去式和过去分词

参考例句：

• The Ford Foundation allocated millions of dollars for cancer research. 福特基金会拨款数百万美元用于癌症研究。
• More funds will now be allocated to charitable organizations. 现在会拨更多的资金给慈善组织。

7 deficit   

n.亏空，亏损；赤字，逆差

参考例句：

• The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
• We have a great deficit this year.我们今年有很大亏损。

8 exempt   

adj.免除的；v.使免除；n.免税者，被免除义务者

参考例句：

• These goods are exempt from customs duties.这些货物免征关税。
• He is exempt from punishment about this thing.关于此事对他已免于处分。

9 retirement   

n.退休，退职

参考例句：

• She wanted to enjoy her retirement without being beset by financial worries.她想享受退休生活而不必为金钱担忧。
• I have to put everything away for my retirement.我必须把一切都积蓄起来以便退休后用。

10 unify   

vt.使联合，统一；使相同，使一致

参考例句：

• How can we unify such scattered islands into a nation?我们怎么才能把如此分散的岛屿统一成一个国家呢？
• It is difficult to imagine how the North and South could ever agree on a formula to unify the divided peninsula.很难想象南北双方在统一半岛的方案上究竟怎样才能达成一致。