Study On Issues Of New Old-age Insurance System In Rural China

The rural social old-age insurance system is the base and the core of the rural social security system. It is an important social system which related to basic living of hundreds of millions of Chinese farmers. The time of reform and practice of the rural social old-age insurance system is more than 10 years, the system achieved preliminary results, but also encountered many difficulties and problems. It is far behind from real needs of farmers. It has been difficult to adapt to the requirements of social development in rural areas. To innovate our rural endowment insurance system is a need for improving the rural social security system and guaranteeing the basic living of aging population in the country, a desire for adopting the fast speed of aging population, and a help for establishing harmonious society and keeping national economy's sustainable development.The main purpose of the article is, under the background that the state explore to establish a new rural endowment insurance system and encourage some localities to carry out pilot projects of new rural endowment insurance, to analyze the necessity and feasibility of the new rural endowment insurance system, using representative rural endowment insurance model at home and abroad as reference. Study on the program of the new-type rural old-age insurance, the author hopes to offer theoretical foundation and reference for the establishment of the new-type rural old-age insurance system. From the point of view of the scientific nature and the degree of perfection of system, the program is defective and there are some unresolved key issues, such as the sustainability of government subsidies, low of the benefit replacement rate, limitation of attractiveness of local financial subsidies, non-proprietary nature of partial property rights of personal accounts. It is difficult to convergence different Old-age insurance systems and the investment management of fund is difficult. In the article, I put forward to some corresponding countermeasures to solve these problems.