The Study Of Reform Of Endowment Insurance System In China

As the key part of social security system, the endowment insurance hasirreplaceable effect on insuring the retired employees’ life and keeping the society instability. Establishing in1951, China’s endowment insurance system has a history ofalmost60years, and plays a great role in the social. In order to stimulate the reform ofeconomic system and resolve the aging of the population’s pressure on theendowment insurance system, China’s endowment insurance system takes somereform，transforming into partially funded. While the reform makes remarkableachievements, it also has some drawbacks and problems.While the China’s endowment insurance takes reformation, America also reformsits endowment insurance, which gets great achievements and avoids the problemappeared in China’s reform. On the whole view, two countries’ reform has somesimilar points. Therefore, comparing two countries’ reform experience and searchingthe reason for our problems is tremendously meaningful for deeper reform of China’sendowment insurance. Through making appropriate corrective action and referring thehelpful points of America’s reform, China’s endowment insurance can be furtherconsummated.The text contains three parts: firstly introduces the basic conception ofendowment insurance and current China’s endowment insurance with simple words;then compares two countries’ endowment insurance, including reviewing theirsreform journey, summarizing the appeared problems and searching the remarkablereference of America’s reform. Finally, give some consummation for the existingdrawbacks and problems of China’s endowment insurance.