The Endowment Insurance System Of China Under The Background Of The Aging Population

China entered into the aging society formally in2000, for the next several years, China’s aging population accelerated constantly. With a stable total population, the rapidly growth of the aging population not only makes the social decline in the labor force, but also presents a significant challenge to the ability to pay our pension, which will bring serious adverse effects to the economic and social development. In the context of the rapid development of China’s aging population, China’s not perfect endowment insurance system will be more overwhelmed. Therefore, reform and improve the pension insurance system in our country is a priority.This article first introduced the situation at home and abroad of the aging population and analyzed the coping significance of the foreign aging for China. Then i introduced the historical and current situation of the development of China’s pension insurance system. At last I analyzed the existing problems of the pension system in China, especially in the case of the growing aging population and tremendous pressure to pay, to resolve the costs of transition of China’s pension system becomes a fundamental problem to be solved, this article proposed a series of measures to resolve this issue in Chapter5:to disperse costs in more than one period of time, to reduce pension payments, to provide financial support and the insurances of the preserve and increase to the value of the pension fund can also reduce the costs of transition of China’s pension system In no small degree. If the costs of transition can be effectively addressed, the pension insurance system in China will no doubt advance to a fully funded system. Chapter5also made a number of solutions and policy recommendations for problems of low level of Pension Insurance in China, basic old-age insurance covers not widely and the imperfection of the rural endowment insurance system.So far,some big issues of the China’s pension system have been analyzed and solved, on this condition, the pension system should be able to withstand pressure in response to China’s rapidly aging of the population and make due contributions to maintain the stability of the economic and social development.