Study On The Implicit Debt Of Social Pension Insurance Of China

While the reform of old age insurance system in China is advancing,the implicit pension debt has become the key problem in the process and received more and more attention. There are two questions need to be noticed:one is in China under the old system of worker of pension implicit debts; the other is that the new system of good operation must have steady financing mode.These two problems are not dealing in China:huge pension implicit debts haven't found effective pay channels. Due to IPD, the new system has many problems on the aspects of raising pension fund, such as difficulties in raising pension fund an in extending the coverage of the old age insurance system, the enterprises escaping from the liability for paying pension fund or falling into arrears with pension fund, raised fund being nor enough to be distributed to the retired, etc. So there is possibility now to the pay-as-you-go system. Actually these two problems from internal contact together, countries haven't repay the debt of endowment insurance recessive from outside the system, with the new system as a whole fund part as a source of funding insolvent.The author recommends some experiences in three countries on representative of the world, which takes place in the process of transformation of the old age insurance system. On the basis of describing the process during which IPD of China took it's shape, the author presents the possible countermeasures by qualitative analysis and quantitative analysis, then puts forward that resolving the problem of IPD is a comprehensive systems engineering. We should adjust the old age insurance system, take advantage of economic measures comprehensively and legislate for the old age insurance system and for correlative fields with the old insurance system.