The Actuarial Analysis On Chinese Basic Old-age Pension System

Basic old-age pension is extremely important in the Chinese social security system. Not only does it relate to the living of retired workers, but also it affects the success of the economic system reforms in China. Therefore, there is significant social meaning in enhancing research on Chinese basic old-age pension system. Through the present research in this field, most papers were concentrated on qualitative analysis, whereas, this paper aims to enhance quantitative analysis on the Chinese basic old-age pension system. First of all, this paper introduces the background & significance of the choice of the argument, the contents & methods of research. And, the paper analyses the working state of China's basic old-age pension system. And, this paper illustrates the risk factors that affect the revenue & expenditure of the basic old-age pension system. Then, by modeling the actuarial models, this paper estimates the implicit pension debt & the replacement rate & the period time about the individual account under Chinese basic old-age pension system. And the author also sets up the forecast model about the system's annual revenue & expenditure. Finally, summary of the research in the previous chapters are presented and some prospective advice, which is suitable to Chinese old-age pension system is put forward.,...