A Study On Question Of Convergence And Countermeasure Of Institutions’ Pension Reform

Institutions’pension insurance is not only an important component of China’s urban pension insurance system, but also a necessary part in the integration process of urban and rural old-age insurance in China. In the context global population aging and pension, it’s necessary to change the former retirement system, and establish a new institutions’pension system to adapt to current economic and social development. Among them, the institutions’convergence question is the the core issues of the institutions’pension reform.Question of convergence involves the convergence between old and new pension system, and the convergence with the Enterprise’s pension insurance system.The main object of this paper is the the institutions’convergence question, based on the analysis of the problem, proposed problem-solving suggestions to achieve a smooth convergence. Paper includes four aspects:Firstly, theory of convergence question of institutions’pension reform. Based on the theory of justice and fair and the path dependence theory, drawing on foreign experience of pension reform public officials, to provide theoretical support for the reform of convergence, from a theoretical point of view shows the need for reform of convergence.Secondly, analysis on current situation of convergence question of institutions’pension reform. Recalling the pension reform of public institutions the course, analysis of the current situation of reform, to have in-depth analysis on reforms in Shanghai, to prove the necessity of convergence of systems from a practical point.Then, quantitative research on the convergence convergence question of institutions’ pension reform, on the basis of the new design to one of the areas of Shanghai as the pilot study, the use of system dynamics and institutions in Shanghai pension fund forecast; the same time, using actuarial methods to have a quantitative research on the new replacement rate. To prove the feasibility of Convergence of systems by the quantitative methodFinally, analysis of these problems and put forward a complete suggestions. From the system point of view, to follow a principle, emphasizing four aspects. The basis of adhering to principles of reform, from the convergence guarantee, based on convergence, convergence focused, cohesive environment, put forward four suggestions.The article uses system dynamics theory to construct the institutions running pension funds relational model, relational model using VENSIM calculation software, and the pension fund business unit of seizures, the amount paid, the fund balance analysis simulations. The use of actuarial knowledge and to establish institutions pension replacement rate of personal pension model to analyze changes in the influencing factors, the replacement rate of change of the degree of influence.The feature of the article is to analysis on institutions’pension reform from the perspective of convergence of systems. Using the system dynamics to run forecast of the Fund and corporate pension insurance system to prove the possibility of convergence; and using actuarial methods to have the replacement rate after reform to prove the feasibility of convergence.