Study On Pension Payment Unbalance In China

The basic pension insurance is the center of social security system in China, also one of the most commonly concerned social problems. The current mixed pension system combines social pooling and personal accounts. This pattern is theoretically ideal, can overcome the flaw with pay as-you-go which is unable to deal with old age and pension fund system which is without redistribution function. But the Chinese practice did not prove this superiority in recent years. The basic pension system is facing payment crisis at present. Thus it is of great practical significance to analyze the problem theoretically and with exemplifications. This thesis analyzes the influencing factors of the unbalance of pension payment through data recorded in recent years, brings up corresponding countermeasures on the basis of national conditions.The theme of this article is how to solve the problem of pension payment unbalance. It analysis the main influencing factors of pension payment unbalance, includes: inadequate sources of pensions, the regulations in wages management, the defect of retirement policy , in-scientific management of pension payment, the heavy individual burden from personal account, the high system switching cost and the low anticipated efficiency, which caused high cost and directly aggravated the present burden and intensified the unbalance.On this basis, it promotes a series of measures which adaptive to the actual situation of China's pension fund system to solve the pension payment. Such as: improve the pension insurance coverage, and increase the income of the fund; gradually raising the retirement age, reducing the expenditure of the fund; speed up the reform wage system to increase the income of the fund; perfect personal accounts; gradually digest conversion costs; regulate the management of pension funds; enhance anticipated income rate and the real return rate of the social insurance fund by diversified investment.