Research On The Pension System Of Individual Accounts Under The Current Economic Situation In China

Man from that day on, facing the pension system of arrangement, many countries are actively exploring and constantly improving endowment pension system. Old-age insurance system is a big human innovation. Through its institutional arrangements to address how to disperse risks making all old issues of the family, reflects the progress of mankind and mankind’s wisdom. However, the world ran for more than100years, running for more than50years of old-age insurance system in China at the time of entering the21st century faces unprecedented challenges. As the level of global science and technology continues to improve and the medical condition continues to improve, sharp decline in mortality and a sharp decline in the birth rate, which led to the extended the life expectancy of humans, the vast majority of countries in the world have entered the stage of aging. Due to historical reasons, China’s relatively large population base, the population distribution is extremely uneven, declining birth rates in recent years, ageing population was a spiraling trend. China has become the world’s first into the serious stages of ageing in developing countries. Although it is are closed at the present stage in our country are paid with the combination of partial accumulation of pensions systems, but for various reasons, China’s old-age pension system covers a relatively narrow, community co-ordinating shall not without personal account payment to cover the deficit, resulting in a personal account exists in name only, and no real accumulation of funds. With the passage of time, these problems are likely to affect our economic development and social stability, to the growing pressure on national financial, reform of the pension system Brooks no delay. Should be based on the successful experiences of other countries for reference, light of China’s actual conditions, applying their own characteristic road of reform, improve the retired people’s standard of living and quality of life. It is a contemporary, benefits both the events.In view of this, this article from study and understand starting with domestic and foreign research on pension system of personal accounts, views of different scholars on a system consolidation. Specification for application analysis, empirical analysis and correlation analysis in several ways, such as combined analysis of present situation of the development of China’s pension system, pension from the side reveals the different problems in the personal account. At the same time according to the existing problems, standing in my own perspective, combined with Western developed a number of successful experience of the right solution. Because of the protracted nature and complexity of the problem of the pensions system, only from the individual aspects of this article discusses related issues, and not for the entire system of study, therefore, to be further deepened.