Research On The Feasibility Of Implementing The Mandatory Enterprise Annuity In China

After the 1980s, Our country's aging of populations phenomenon is day by day serious, The government when deals with the retirement question presented the unprecedented financial crisis. The recent years pension spatial account question is also increasingly fierce, in order to protect the elderly living standards, and lightens the national retirement safeguard burden at the same time, The World Bank proposed the pension system development multiple support pattern in 1994. The old-age insurance system is composed of three pillors, that is basic old-age insurance which sponsors by the country, the enterprise annuity established by enterprises, and individual deposit. However our country's enterprise annuity market is rapid in the recent years development, but the integral development is slow, the enterprise annuity coverage fraction and the substitution rate is low, Our country's retirement pattern and the ideal three prop retirement pattern are very different.Some viewpoints thought, we implement the compulsory enterprise annuity pattern, can enhance the actual effect which our country enterprise annuity the coverage fraction and substitution rate, also can enhance retirement staffs social security aspects may get quick results. But under our country's economic environment background whether to have the soil exist to carry out the compulsory enterprise annuity, that is worth us discussing. This article is for the purpose of through the overseas countries experiences in carrying out voluntary enterprise annuity and the compulsory enterprise annuity which is useful for reference. To union our country special economic environment and the development model, enterprise annuity supply and demand main body demand analysis, and labor force aspects and so on supplies structure, we searches the compulsory enterprise annuity whether to meet the requirement which carries out in our country.On the subject of enterprise annuity market demand and supply analysis, this paper argues that, voluntary or compulsory enterprise annuity, are complementary and interrelated with coverage, target replacement rate, economic development model, the labor market and other relevant policies. The development of mandatory enterprise annuity system already exists and are beginning to grow, it is just not mature enough, it takes time and experience accumulated and also need some improvement and development of the system. Reform can only be carried out step by step, the policy is not possible to separate the content of a substantial change.