Old-Age Insurance Fiexibility Payment System Research

Individual account’s payment is the old-age insurance fund important source. Individual account payment rate height immediate influence insured retirement around living standard, therefore in establishes individual account payment rate time, not only need safeguard the insured object to retire the later quality of life, but must consider its work time economy bearing capacity. The old-age insurance individual account’s payment in fact is in individual life cycle transfer payment, thus has the necessity to act according to the life cycle the different income stage situation, determined that various times reasonable payment level, realizes the life cycle effectiveness maximization. China implements now the unified old-age insurance individual account payment rate (8%) has neglected individual disparity in age section and the different profession income difference. This kind of rigid payment system attenuated individual different income time redistribution, has squeezed out the mid and low earning crowd’s power of consumption, does not favor the start domestic market economical reforming. Constructs and consummates our country pension the flexible payment system not only to be possible to enhance the insured life cycle expense effectiveness, encourages enthusiasm which insures; Moreover may consummate the old-age insurance the redistribution function, promotes our country social security systems’ healthy development.In recent years, our country resident division of income disparity question has become the hot topic which the people pay attention. Between city people’s income differential assumes the magnified tendency. Statistics indicated that in population20%high income groups with20%low income group’s real income disparity approximately18times, and recent years this kind of disparity presented the tendency which accelerated to expand. But the present unification’s individual account payment proportion had not considered that our country division of income disparity the actual situation and the actual family responsibilities, the rigid payment system constituted the serious burden to the mid and low earning family, squeezed out them to work as time expense. This kind of superficial fair rigid payment system is in fact unfair to the per capita national income low family. According to welfare economics’ viewpoint, flares out between the members of different social classes or the different time income, the expense disparity is helpful in enhances social the total benefit level.This article take the life cycle theory and Keynes’s expense economical theory as the basis, between unifies individual account payment to expend with the resident the relations, the discussion reforms and consummates the pension payment system’s plan. First, the article reviewed the overseas old-age insurance payment system’s development simply, the analysis overseas old-age insurance individual payment system. The question which then, carried on to the Shanghai old-age insurance payment system’s transformation has combed, summarizes the Shanghai old-age insurance payment reform to have obtained the achievement which as well as faces. Thorough analysis present payment system’s difficult position’s foundation, discussed the unified individual account payment to have the numerous malpractices, made the reform present old-age insurance payment system’s tentative plan. In the life cycle theory’s foundation, unifies the boundary expense tendency theory and the expense utility theory, has studied the construction old-age insurance individual flexibility payment feasibility, as well as flexible payment system establishment principle. The article thought that one kind of fairness and the efficient old-age insurance payment systems, must satisfy individual bearing capacity, pension finance balanced and the stimulation expense promotes the economic growth three goals. According to the above, the article has designed the flexible payment cardinal number and the payment proportion. Finally, proposed consummates the old-age insurance individual flexibility payment system’s countermeasure.This article utilized "the Chow stability test" to prove the present rigid pension individual account payment system’s constitutive flaw. The article suggested that deducts the basic life expends the surplus paying capacity after the personal income to determine the pension the payment cardinal number, and divides into certain groups according to the surplus system ability’s difference, based on this and presses the family responsibilities (support population) to adjust the payment rate. The flexible payment system’s characteristic is the pension payment and household income how many and the burden weight suspension hook. The income bears the heavy stage few payments lowly in the life cycle, will reduce (children employment) in the income enhancement burden later to pay expenses, will thus realize individual life cycle effectiveness optimization, based on this will realize the social total effectiveness maximization.The hope through this article analysis, regarding consummates the old-age insurance individual account payment system, the promotion consumer demand growth has certain practical significance, and provides the science for the related policy-making the theory basis.