The Study Of Pension Insurance Reformation Of Public Institutions In China

The Pension system of institutions is an important part of the whole social security system, the current of which still follows the retirement system under the planned economic system. However, it is difficult to adapt to the economic development of socialist market. Retirement system of the public institutions is not only restrict the establishment of unified national pension system, but also increase the financial burden of the country, and hinders the construction of socialist harmonious society. In 1991, China opened the public institutions for old-age insurance reform tour, however, up to date, which still remains in the exploratory phase. In the case of the reform is difficult to promote, this article will focus on the frustrated of this reform of pension insurance institutions; afterwards explore China's reform of pension insurance institutions path. It is very important for improving the pension system of institutions in theoretical and practical significance.This article is based mainly on the Pareto improvement in welfare economics and social equity principles. First, this paper analyzes the concept and connotation of relevant pension insurance institution; second, by tracing the reform process of the pension insurance institutions and analyzing the reform progress of the five pilot areas, in order to identify the specific reasons for hindering the pension reform of institutions. To solve these problems, on the basis of the reform experience from abroad, the analysis shows that the "Nominal Account" system is not only applicable the reform of pension insurance institutions with the macro and micro, but also has the advantage of address transition costs. Finally, the institutions pension reform is to establish a unified national pension system. The specific program of reform is that establishing "Nominal Account"of basic old-age insurance and pension system which has the characteristics of supplementary pension insurance. Which reflect the rigidity principle of old-age insurance, and make unified national pension system more effective.