Ageing Of Population And Social Endowment Insurance

Along with the descending of population birthrate, and the prolongation of life expectancy, trend of ageing of population has been becoming a in the world, and social insurance system innovation will has becoming a collective topic all over the world. Ageing of population means a structure state that ageing population, of 60 years or more, have achieved or exceeded to 10%, or ageing population, of 65 years or more, have achieved or exceeded 7%, In standard of U.N. Nowadays, all developed countries have been come into ageing society, and some of developing countries have been or will coming into ageing society.What the most anxious problem of government and pubic is that if our country have enough endowment insurance funds to pay in the future, with the increasing ageing population and invisible liability. The government has been made a series of innovation of conventional social security system since 1980th. In order to face the ageing crisis through unused funds in Personal Account, In 1997, the Old-age Pension System became Social Planning with the Personal Account Combined from pay-as-you-go. By the development in recent years, the old labor and social security system had become inadaptable to the requirements of economic and social development due to the arrear of personal accounts and exceeded payout of unified fun. In 2005, the sate council issued ? Circular Concerning the Deepening of Reform of the Endowment Insurance System for Workers and Staff of Enterprises?, which was based on the calculation of solvency of pension fund in future and the pilot program of reform carried out in Liaoning province, to modify the endowment insurance system. After carrying out the new endowment insurance system, which advantage there are in fund comparing to old system in the impingement of varies factors impacting endowment insurance system? Can it be balanced or savings? and if the pension of retirees would be descent? Theses problems puzzled the companies and the employees. To solve these problems, the author will use the way combined by fix quantify and determine the nature to explain the cause,the status quo and the characteristic in aging of population. And will set up the fund balance activity models of part accumulate fund based Fund-Raising Mechanism in our country at present.Despite there are many analyses about the balance of endowment insurance fund, they bad not been qualified the needs of social development because of being based on the decision in 1997. First, the author uses the data in annual report of 2006 to Contrast the pension under the old and new policies for urban workers in the treatment of old-age insurance and fund balance of payments situation. Second, through the 06, 07 forecast data and endowment insurance Annual Report Comparative data to confirm the reasonableness of the model. Third, the author predicts the fund balance for the period 2006-2005 using the balance model. And explore the various factors impacting fund balance, especially the replacement rate and the retirement age factor, and calculate the impact of fund incoming and支出through data of various factors. Fourth, it is proposed the next step should the ageing of the population policy recommendations.