| In order to ease the pressure of the aging of the population which brought to our pension payment pressure, our government had reformed on the pension system from the early 90s last century, and put forward to establish the three-in-one endowment insurance system, including the basic endowment insurance, enterprise annuity and personal savings insurance. However, because of the special national conditions and historical issues, China's basic endowment insurance are faced with a lot of problems, especially that individual accounts "empty accounts problems" is not fundamentally resolved. Thus, how to solve this problem and raise the individual accounts replacement rate has become the theory and practical common concerned topics. In recent years, our government also made a lot of policy adjustments on individual accounts.In this paper, as the line of the National Development (2005) No.38, the author uses econometric analysis and scenario analysis method, the paper starts from the development of the basic endowment insurance and occupational pension plan to define concepts, and based on this to analyze in-depth the problems of this stage of the development process. Secondly, based on the assumption such as the contribution rate, investment rate of return, pension payment and retirement age, constructing the basic endowment insurance of long-term actuarial balance model, the paper comparatively analyzes the basic endowment insurance policy adjustments before and after. According to the factors sensitivity analysis, we can come to a different impartment from the aspects of replacement rate and fund balance. Chapter three builds a foundation of long-term enterprise annuity actuarial balance model, and comparatively analyze of individual accounts and enterprise annuity, combined with china's actual conditions, note that the comparative advantages of enterprise annuity for the individual accounts for policy adjustment possibilities and provides some specific recommendations. |
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