Research On New Mode Of Rural Society Endowment Insurance In Dalian

In the new century, Dalian has made rapid economic development, rural living standards have markedly improved, and the traditional mode of rural society endowment insurance can not fit the social development in Dalian. With fast economic development and accelerated urbanization process, the family pension concept of rural residents is weakening, the protection function of land is degenerating, and the pension of rural residents gradually is losing the material basement. The economic development level determines the old-age insurance mode. The differences of economic development level, financial sustainability and insurance sense among different areas make it impossible to establish a uniform mode of the pension insurance in the short-term. At present, the feasible approach is to establish suitable old-age insurance mode according to the economic development in different areas.In early September 2009, the Patent Administration Department issued the guiding ideas about the experimental unit of new rural pension insurance. From the experimental units, we can see that the central committee only formulates the policies and guidelines, the specific scenario will be established by local government. In order to solve the farms' pension question, Dalian should actively respond to the national campaign to explore the new mode of rural society endowment insurance according to the economic development level. Therefore, this paper starts with the relationship between rural society endowment insurance and the level of economic development in Dalian, analyzes new mode of rural society endowment insurance in Dalian deeply, from the perspective of individual contributions and financial subsidies, and builds a new mode of rural society endowment insurance according to economic development in Dalian, in order to achieve the goal of solving the question about general farmers to care for the aged.This article will focus on the actual situation of Dalian City, analyze the drawbacks of the existing new mode of rural society endowment insurance and evaluate the socio-economic conditions of the new mode rural social endowment insurance. Then use the theory on mathematical statistics, actuarial science, demography and other disciplines to further explore the new mode rural social endowment insurance which fits social and economic development of Dalian City in order to provide the theoretical basis and decision support for important planning and implementation of new mode of rural society endowment insurance. The main content and framework of this study follows:Chapter I starting from the background, presents the purpose and significance of this study, generalizes overview of the current domestic and international research, and gives the specific ideas and methods and the inadequacy of this study. Chapter II analyses the shortage of the existing mode of the rural endowment insurance, clearly brings forward the necessary to establish a new mode of rural social endowment insurance and demonstrates that Dalian have the ability to establish a new rural endowment insurance mode from the external environment and internal conditions. Chapter III builds the actuarial balance model of rural resident individual account, measures and calculates payment amount of rural residents of all ages who join pension in 2010 which meet their future needs of the basic livelihood, analyzes the payment capacity of rural residents in Dalian. ChapterⅣuses ARMA model and the Leslie matrix model to respectively predict 2010-2019 revenue levels and the rural population size in Dalian. Chapter V combines the established new national rural social endowment insurance mode and current development in Dalian and advances four modes about rural endowment insurance which include the mode fully supported by financial subsidies(providing person 60 years old and above with the pension for minimum living guarantee),the mode fully supported by financial subsidies(providing person 45 years old and above with the pension for minimum living guarantee), the mode providing subsidies to elderly person only and the mode of the urban and rural integration, and from the perspective of financial subsidies and the demand of future pension, analyze advantages and disadvantages of these four modes. The last, propose for the reform's smooth advance of rural endowment insurance mode in Dalian.Through this study, the following conclusions are put forward.(1) From overall social and economic conditions of Dalian City, This paper argues that Dalian has owned the basic conditions to establish the mode of the new rural social endowment insurance. (2) From the payment capacity of rural residents of all ages, payment ratio of rural residents aged 16-44——payment amount percentage of total annual net income is less than 10%; To the economic development of Dalian, the proportion is relatively low; Payment ratio of rural residents aged 45-59——payment amount percentage of total annual net income is higher than 10%. Payment pressure is relatively high and the growth rate of the pressure is faster and faster with increasing age; The initial payment is affected not only by age of the insured but also by the inflation rate, accounting rate, investment yield rate and the growth rate of net annual income. The fluctuation of the inflation rate has an obvious and positive effect on the initial payment while accounting rate, investment yield rate and the growth rate of net annual income have negative effect on it, but not obvious. (3) From the level of financial subsidies and demand of the future of pensions, Dalian is not suitable to establish the mode fully supported by financial subsidies and the mode of the urban and rural integration owing to the heavy facial pressure.which is likely to cause that subsidies which the government promises to give the Insured can not be honored,The case will lead to residents not believe the new rural social pension insurance mode any longer and discourage rural residents to participate in the new rural social pension insurance. Those are not conducive to sustainable development of the new rural social pension insurance. In terms of the current level of economic development of Dalian, Dalian is suitable to establish the mode providing subsidies to elderly person only. The mode not only meets the pension needs of rural residents but only maintains relatively small rate of financial subsidies. At the same time, the mode is conducive to sustainable operation of the new rural social pension insurance. With the increasing enhance of national and local strength, it may gradually transform to the urban-rural integration mode.