Research On The New Rural Society Endowment Insurance System In Anhui Province

There has been marked progress in building the social security system in China with the application of reform and the open policy. However, the Rural Society Endowment Insurance System is relatively backward. Chinese State Council issued some guidelines on the Rural Society Endowment Insurance System in 2010 and the establishment of the system has been completed ahead of schedule for five years.In Anhui, the application of the new Rural Society Endowment Insurance System has been provided step by step. In the 12th Five-Year Plan period, the government promoted a developing aim focused on transition, reinvigoration, flourishing and common prosperity. This essay put the public policy theory into the analysis of the main factors influencing the application of the new rural society endowment insurance system. Building system of rural society endowment insurance aims to ensure the basic life of old people and to collective allowance for the individual. Beginning with the necessities of constructing the new system of rural endowment insurance, the thesis discusses the economic possibility of the system and makes an institutional plan to present some suggestions to policy making.