A Study On The System Of Endowment Insurance In Shanghai Under The Background Of Population Aging

The eighteenth National Congress of the Communist Party of China pointed out building a just and efficient social security system. In recent years, the aging of population has caused increasing raising burden of the old population. The building of social endowment insurance system raises people’s attention. As the fastest city bearing the aging problem in China, Shanghai faces a big problem of the increasing income gap of pension system. This paper introduces the relationship between the aging of population and endowment insurance at the beginning and then analyzes the related factors. Then it talks about current situation of the aging problem and social endowment insurance system. After that, it builds a dynamic population model, stimulating the population structure for100years (2010-2110). It concludes that the aging problem will last for50years. In order to solve the income gap of pension fund, a balance model of pension is build. Four solutions are put forward according to the change of different parameters in the model. It comes out that three of the solutions, respectively expanding the coverage of endowment insurance, decreasing substitution rate and extending the retirement age are the feasible solutions to unbalance problem of pension payment. Considering the policy environment, the paper proposed in-depth suggestions and measures. The first one is to integrate comprehensive insurance and small town insurance into urban insurance system. The second one is to cancel dual-track approach of pension system. The third one is to build a flexible retirement extension system. The paper advocates to build a pension system this is more just, more flexible and more sustainable.