Study On The Implicit Debt Of Social Pension Insurance In China

Finance mode of domestic social insurance system for the aged is "pay as you go", which was founded in 1950's.This system not only is simple and efficient in planned economy, but also embodies mutual benefit function of social insure in public-owned system. With aging of the people age structure in China and developing of market economy, its finance mode must be changed to part-accumulating system. During this changing course, many problems emerge and concealed debt of insurance providing for the aged is particularly prominent. If these problems can't be settled, system may face the paying difficult and the new system may be difficult to establish. It violates our intention to establish the new system, so it is urgent to pay the concealed debt. The key of transformation is to estimate the scale of implicit pension debt of endowment insurance and to find the appropriate way to compensate the debt. The implicit pension debt accumulated by "pay as you go"makes it difficult to estimation and calculation on the scale of debt. Due to the difference on calculation method, data resource and perspective, calculated amount of debt is diversified. The thesis begins with the historical reform of China's endowment insurance system to illuminate the problems on funds and then points out the issue of implicit pension debt on endowment insurance. Under the circumstance of actuarial hypothesis, the thesis calculates the implicit pension debt on China's endowment insurance by applying the insurance actuarial knowledge and thus takes some relevant suggestions. The innovation of the thesis goes as following: Consider various factors when using the insurance actuarial model, which makes the calculated results more accurate. Apply the insurance actuarial knowledge to calculate China's implicit pension debt to get the exact scale amount. Propose novel solutions when discussing the problems on compensating the implicit pension debt...