China's Insurance Companies To Pay Annuity Plan Actuarial Study

Ⅰ.The Research Topic and Methodology Along with the acts coming on of Trying Out Way of Employerpension and Trying Out Way of Fund Management of Employer Pensionin due form, the actuarial modes of china employer pension plans havebeen confirmed. Even now, the fit and close actuarial means is the key todevelop employer pension plans all the same. For a successful employerpension plan, well and truly calculating the contributions is mostlyembodiment of its actuarial function. Therefore, this dissertation focuseson the actuarial means of the contributions of employer pension plans.Meanwhile, under the prescriptive modes and hypothesizes, the actuarialaims of employer pension plans in this dissertation are to confirm thequalifications that employees join the plans and have the rights to receivebenefits, to confirm the contribution means and the total contributionlevel of the employers, to make sure the contribution means and thecontribution level of each and every employee, to fix on the employeeincome level and replacement ratios when he will retire. In thisdissertation, the investment return rate, pay level, retirement age and taxpolicy are established in advanced. Enterprise is principal part of raising employer pension plans. So,only the plans can bring certain benefits for the Enterprise, employer canpossibly raise and maintain the plans. Thereby, it is the demands thatenterprise raises employer pension plans as a jumping-off place of mystudy. How to choose plan modes, specific types, the employercontribution level, allocation of the employer contribution and thequalifications that employees join the plans should be related to thecharacteristic of enterprise itself, the motive and aim that employer raisesthe plans. In order to reach its maximum prompting effect, allocation ofthe employer contribution should be taken into account the employeepayroll level, position, age, gender, education background, liquidity andaccomplishment. Only doing so, the employer can attain his plan goals.Ⅱ.Main Contents Chapter One The first section comes straight to the point todefine the concept, function and characteristic of the employer pension.Furthermore, the section discusses the characteristic of the DefinedBenefit Mode and the Defined Contribution Mode, the Pay-As-You-GoMode and the Pre-Funding Mode, the Trust Mode and the InsuranceMode, tightly relating to actuarial cost methods of employer pensionplans. In the second section, the actuarial contribution methods ofemployer pension plans in my dissertation are defined. The third andfourth sections discuss different cost allocation methods, the totalcontribution level of the employer, the each employee contribution leveland his income level and the replacement ratios when he will retire,which are the key contents of actuarial contribution methods of employerpension plans. The final section compares the defined benefit mode withthe defined contribution mode. Chapter Two The part mainly analyses developing courses ofsome developed countries employer pensions, and especially their chosenactuarial modes gaining enlightenment on china employer pensionactuarial system. The part one simply presents china employer pensiondeveloping course and its foreground. The part two particularly evaluatescurrent chosen actuarial system of china insurance companies. The finalpart introduces America and European selected actuarial modes. We cansee that they do not force the employers to adopt certain single actuarialmode that will block the development of the employer pension plans,which can gain practical significance for china employer pensionactuarial system and can echo each other at a distance with the actuarialmode suggestions in the fourth chapter. Chapter Three The part mainly analyses actuarial contributionmethods of employer pension plans which insurance companies design,combining with the first chapter's basic actuarial principle. The sectionone discusses insurance company's actuarial advantages that thefollowing sections embody in the plan's developing phase. Thedissertati...