The New Type Of Rural Social Endowment Insurance Payments Measure And Policy Simulation Research

The new rural pension insurance policy, as a key pace and an important measure toresponse to the white-haired wave and provide for the rural elderly, is one of the mostimportant driving force for the steady development of economic and society. Solving theproblem of providing for the old is especially urgent in Beijing, which is China’s capital,political economic and cultural center, with the aging population and loss of youngworkers. For the new rural pension insurance policy which was implemented in2008inBeijing, the problem of providing is well protected. In the long term, however, it’sinevitable and essential to adjust the pension insurance policy timely along with the fastincreasing of elderly population and large government expenditures.This thesis aims to determine the adjustment programs and provide the data referenceof the standards of pension insurance policy in rural areas in Beijing, according topredicting the revenues and expenditures of rural pension insurance in future in Beijing,and using the multi-disciplinary knowledge of Statistics, demography, insurance, themethod of policy simulation(the factors including contribution rate, collection rate,retirement age, coefficient of total fat on personal accounts, the standard of basic andwelfare pension.) and so on. Therefore, the study has a very high practical value.The calculation results show that while the number of population in Beijing ruralareas will have began to reduce from2014, the number of elderly is always increasing, andthe proportion of elderly population than the total will be one third.At the same time, revenues and expenditures of pension insurance have totaled to70.4billion Yuan and65.25billion Yuan respectively in the15years from2011to2025.Moreover, there will have been the phenomenon that revenues over expenditure in2023,and the amount has been gradually increasing from then on. There will have greatpossibility of a payment crisis. Policy Simulation results show that contribution rate andretirement age have greatest impact on the revenue and expenditure of pension insurance.It can be prevent the payment crisis from happening efficiently. So main adjustmentschemes will be in line with them. However, in order to really solve the pension problemswith an aging population, the fundamental measures is to raise the income level and tochange endowment concept of rural residents in Beijing.