Since retirement in the Tuvalu District is based on working hours and Tuvalu has not existed for a few months, it is possible to disregard the payment of social security contributions for at least 14 years.

Although it is not necessary to consider in the short term, the expected cost of this fee is very large, so it is important to plan ahead.

Moreover, when planning, it is necessary to fully consider the enforceability and sustainability of the social security fund.

After full consideration, Wei Minsheng decided that the operating source of the social security system in the Tuvalu Special Administrative Region is mainly to be funded by individuals who have worked for less than 15 years and pay the annual social security fund according to the standard of the average monthly salary of the current year.

According to this payment method, it is almost 15 months' salary to cope with the guarantee that will last for the next few decades.

Relying on the social security fund alone to achieve sustainable and implementable goals is obviously an impossible task.

When Wei Minsheng proposed this fund guarantee channel, the person in charge of Shuguang Insurance Company said: "Mr. Wei, if we only rely on such a capital channel, even if we can make the social security fund double or triple through various financial management and investment methods, but at most about 20 years, the social security fund will be hollowed out." ”

The person in charge of Shuguang Insurance Company is called Sun Wei, who has been engaged in insurance business in China.

Sun Wei obtained this position through the method of "artesian post".

Due to the fact that there are not many people like him in Tuvalu who have experience in the insurance industry, there is almost no competition for the position.

The result of no competition is that the salary level of the post has increased significantly, and the post coefficient has reached 1.5, which is equivalent to a 50% increase in the salary level compared with when the post was released.

The monthly salary of 12,000 soft sister coins is almost a net income in the special district of Tuvalu, where there is no living pressure, except for rent and poll tax.

As the population of Tuvalu's SAR continues to increase, any position may be subject to competition from peers, and it is not the qualifications that will be fought for, but the achievements made by individuals in this position.

The legal age of employment in the SAR is 18 years old, but there is no prohibition on the demand for workers under the age of 18.

As long as I don't raise objections, it's still okay to help relatives and friends do things.

It's just that the work that is not under the age of 18 is not counted as a working year, which can be regarded as a policy guidance.

You can work at any time and get paid accordingly, but the SAR does not encourage minors to enter the workforce too early.

At their age, the main task should be to learn more knowledge, master more skills, and improve their learning ability.

Under such a policy, a person can meet the conditions for receiving social security benefits at the age of 33 at the earliest, but the period of protection for up to 40 to 50 years will certainly not be guaranteed with 15 months' salary.

This does not need to be analyzed by professionals, just find a junior high school student can calculate the result, if Sun Wei, a professional, does not bring it up, it will definitely be determined as a major dereliction of duty in the future, affecting his integrity and the receipt of social security benefits.

Sun Wei took what he thought to be a great political risk and raised this very sharp question to the principal responsible person of the SAR, and was even ready to be directly dismissed.

But Wei Minsheng didn't care, not only did he not veto him with power, but gave him a more detailed explanation.

"For an economy like Tuvalu, which exists independently, the economic source is not just the social security contributions paid by individuals.

More of the social security fund is financed by poll tax, customs duties, inheritance tax and income from the rental of urban houses.

The Social Security Fund of the Tuvalu Special Region shall only be used to protect residents living in the Special Administrative Region of Tuvalu.

Therefore, as long as a member registered in our Tuvalu District has left Tuvalu District to live in another country for more than one month, their social security contributions for that year will be deducted in proportion to the time. ”

Sun Wei said suspiciously: "Even if such a policy is implemented, the expenditure that can be reduced is very limited, and it is simply unable to cope with the huge gap in the social security fund." ”

"It is only a precondition that people who have been away from Tuvalu for an extended period of time are not entitled to social security.

As long as you live in Tuvalu, anyone needs to consume all kinds of necessities.

The SAR government has collected customs duties on all goods in the Tuvalu Special Administrative Region.

Twenty percent of a person's total annual consumption of clothing, food, housing, and transportation will never be lower than the average income of two months.

Moreover, in the case of a secure income and a secure future, the pressure on the individual's life is minimal.

The less stressful life is, the more the individual has the desire to spend.

The higher their level of consumption in the Special Zone, the more tariff revenue the Special Zone will have.

Moreover, after the property in his personal account reaches a certain standard, the inheritance tax will also be adjusted.

Because of the existence of inheritance tax, they will consciously increase their consumption level.

Therefore, if the social security fund is not enough to spend, we can also withdraw a part of the poll tax, house rent, inheritance tax and customs duties into the social security fund. ”

"Taxation is the main source of funding for the normal operation of a government, if these funds are used for universal social security, will it cause difficulties for government departments to operate?"

"In the current mode of operation of the Tuvalu Special Territory, the government's normal funding expenditure is not very large.

The huge amount of funds required for these construction projects in the Special Economic Zone is currently being invested by Shuguang Group.

At the appropriate time, Shuguang Group will also hand over these assets to the SAR Government for a fee.

According to the social security method we have previously established, we will not have to think about the cost of social security for at least 14 years.

In the past 14 years, Sugon Group has been able to attract more and more people to Tuvalu through various construction investments.

In addition, after basically solving the problem of housing and living, the rich tourism resources of Tuvalu SAR will also be one of the important revenues of the SAR government.

As an ocean archipelago with an average annual temperature of 29 degrees Celsius, and the majority of the residents of the local society are Chinese, such a Chinese community with almost no language communication barrier will surely become the best place for Chinese people to spend the winter.

The needs of these people will be fully unleashed in the social environment of the SAR and transformed into a source of wealth for the SAR.

Therefore, we should not consider the sustainability and enforceability of this social security model in isolation, because it is integrated with the whole society and is a huge system that involves all people and all sectors.

As long as there are people, the sources of social security funds are endless. ”