Financing Model Of Pension System And Related Key Issue Research

With the aging population become more and more, it is necessary to reform the pension system. At the moment, pension system has three levels: public social pension system, private pension system and personal saving plan. The pension scheme system with Chinese characteristics has taken shape. But it still has to face to many serious problems. The transform from pay-as-you-go system to partial funded pension system has generated huge gap of pension payment. It is critical to solve the problem of potential pension liability for successful trandformation of pension system.If the reierement people want to have high quality life we should depend on private pension system. The target replacement rate is only 40%, the private pension system just launch in a short period. It is very important for us to improve private pension system.The dissertation will emphasize on the financing model of pension system. The first part is financing model of public social pension system and do further research of potential pension liability. The second part will introduce some suggestions to improve our private pension system.