Application Study Of Actuarial Model And Case On Rural Endowment Insurance

The People's Republic of China was first established, due to special political and economic conditions, China has taken a distinctive industrializationRoad, that the government administrative interventions, at the expense of farmers at the expense of industrial modernization. In the industrialization process, the original division of the dual structure of urban and rural areas not only not changed, but also gradually increased. This non-equilibrium model of development has led to urban and rural social insurance system produces: for urban residents enjoy a relatively better, the higher the level of social security services; the rural social security is always in the edge of the national social insurance, the majority of farmers were exclusion in the social insurance system in addition.In China, farmers are risk awareness and weak defense groups, but also for socio-economic reforms in China to solicit contributions for at least the largest group, the Government has the responsibility to provide them with other citizens the same level of public services. Now is the establishment of endowment insurance for rural residents of the time. Domestic experts and scholars from different angles, old-age insurance in rural areas were studied; there are many scholars, actuarial science from the perspective of rural endowment insurance of the issue. This article is the use of pension actuarial model to rural old-age insurance the study. Learn basic pension, the basic modelIn the analysis of three types of pension insurance fund their own characteristics, identified as the analysis method based on the total accumulation, sub-individual method and the overall balance of pension funds were established relationship to determine the contribution of rural households 15 years of, at the age of 60 receive pension. However, farmers of different ages of payment from the age of 60 years less than 15 years, so the farmers younger than 60 years of age were divided into young (20-45 years) and middle-aged group (46-59 years) to fund were established balance relations. With individuals in defined benefit model of all the researchers calculated the rate of payment; the overall method used in determining the payment mode, all obtainedThe researchers receive the amount of pension. And to individual methods for example, affect the amount of pension accumulated analysis of the sensitivity factors, in turn, the most important factor on the pension-the pension replacement rate analysis, the above analysis, I have to conclude: 1, in the modeling analysis of individual laws, but also with a defined benefit model, which was to determine the age of 60 farmers began to receive pension in the amount of P, set to 4200 Yuan. Age of farmers in its early payment the lower the contribution rate, the more farmers in the late payment fee rate. This is because their pay from 60 different times, the accumulation of different amounts. The earlier payment, the amount of its accumulated more defined benefit model, his contribution rate is low; more lately fees, less the amount of its accumulated, and his pay rate.2, method of individual analysis of personal accounts found in the middle-aged group of officers, the payment rate of more than 40%, this number is unrealistic. So, speaking for the middle-aged members of the group can accept donations to pay fees at wholesale payments, the amount of accumulated 15 years of accumulated amount. If the middle-aged group members do not pay the accumulated amount of wholesale, according to article 10% of scheduled payment amount to pay, then the amount received much less.3, on the individual method of using the pension replacement rate, the result obtained by young members of the group's contribution rate is much higher than the middle-aged group. This is because a given replacement rate, the monthly amount of pension accumulated positive relationship with the farmers, as when young people begin to receive pension payment period too long and so much accumulated wages, then at 60 pension age much more than the middle age group, so he's toll will be high in young, so contribution rate will be high.4, with the overall analysis method, this paper identified the contribution rate, set at 10% after 60 years of age to seek and receive benefits. As is the specific target age group for the analysis reflects the total economy of pension insurance, so the conclusions more normal.5,in all of the personal accounts of factors, yield the greatest impact. Began to pay farmers 20 in donations nagging, returns the greatest impact. Yield increase of 1 percent, from the personal account of the accumulated amount has increased 2.75 times when the original unchanged. The older, the earnings rate is correspondingly reduced. This is fully funded pension insurance under the disadvantage of the system, and vulnerable to changes in income, so that the depreciation account.6, in the pension replacement rate for sensitivity analysis, the actual net income growth rate is often given with the expected growth rate of different, and thus calculates the pension replacement rate is different. The higher the real growth rate, the lower the replacement rate. In this way receive a pension at age 60 is relatively small, can not meet at that time of life, this time of national financial need additional pension subsidies to farmers.In addition, studies of rural endowment insurance, I believe that there are several areas need further research, such as Chongqing's rural population life table construction and long-term actuarial balance of the study.