Analysis On The Problems And Countermeasures Of The New Rural Endowment Insurance System In China

At present our country has gradually head into aging society,therefore endowment problem began to become one of the most important problems in China's social development. Especially the China's nearly ninety million farmers' pension problem, became China's one of the biggest problems that can never be neglected. The establishment of rural social endowment insurance is an essential requirement of socialism, but also to build a socialist harmonious society, gradually narrowing the gap between urban and rural needs. In 2009 China began to push new rural social endowment insurance system. China's new rural social endowment insurance system has obvious advantages than the traditional rural social endowment insurance. The new rural social endowment insurance piloted in rural areas, and the rate of insurance is very high. The government is responsible for the rural social endowment insurance, increased its financial investment for the new rural social endowment insurance. However, the new rural social endowment insurance is not perfect, it also has some problems, for example, It is lack of legal protection, the standard of collective subsidy is not clear, It is lack of incentive mechanism for farmer, it has difficulties in maintaining and increasing the value of the fund of the new rural social endowment insurance, etc.This paper is mainly on a new rural social endowment insurance system under the condition of in-depth research, summarized new rural social endowment system's features, and also have investigated it's implementation. After mastering many materials, summarized some problems in new rural social endowment system, such as low of the benefit replacement rate, the investment management of fund is difficult, limitation of attractiveness of local financial subsidies. It is difficult to coverage different Old-age insurance system. Low level of overall planning,etc. After searching related material, summarized and analysis the causes of these problems. Respectively is China's overall strength is not strong and Urban and rural financial investment is unbalanced, Management institution is not sound, The single channel investment funds, The Midwest government financial is difficult,Regional development is not balanced,etc. In addition, Analyzed some countries the rural social security which do it well, such as Germany, Sweden, Japan and other countries, after research the development history of rural social endowment insurance, summarized some experience, including rural social endowment insurance must adapt to the level of economic development, The government should fulfill corresponding responsibility, developing diversified development road, establish specialized management institutions, etc. According to the problems, put forward some suggestions to solve these problems, such as insist moderate security principle, differentiation principle, and legal principle, government should put more efforts, China should establish many pillar rural old-age support security system, optimize the structure of the fund operations, spare no effort to coverage different old-age insurance system, raise the level of overall planning. Hope these suggestions can be help to solve the problems which in rural social endowment insurance.