Research On The Contribution Issues Of Rural Social Pension Insurance In China

Rural endowment insurance is the state government to make sure that some elderly peoplewho have lost the ability to work have a basic life, it’s a rule constructed under governmentalregulations. A relatively low level insurance can not solve the problems and a higher level maynurture some bad habits. Meanwhile it’s a huge burden for the government, and not suitable for thesocial and economical development.A moderate paying bill is based on both demand and supply. With the development of thfesociety, the elderly people is increasing at an alarming pace and is a huge burden for the centralgovernment, and it is also bring heavy burden for their family. As the tradition family valuescollapse and enforcement of born control policy also have a negative effect on the old way osupporting the old. And now we are in a stage of industry supporting the agriculture, our party hasmade a new kind of rural endowment insurance policy. And it aims at before year2050it willcover all the old in the rural area and making many different methods. This study havs illustratetdthe principles of rural area endowment insurance, and make an analysis on the governmentalfinancial support. And the date suggests that the expenditure is below1%of the financial revenue.Obviously the supporting is far form enough. And due to inflation, this kind of insurance will nosatisfy the basic needs of the old in the rural area, the government should manage to raise theincome of the farmers. Furthermore, the ways to raise the fund should be as many as possible, inaddition to pay it by themselves, the collective support should be greatly encouraged. As about thearea which has no such kind of program, this kind of insurance should play the major role and thisplan is based on the willingness of the individual farmers. The central and local government shoulfdsubsidize this insurance as much as possible based on their own conditions. Actually in mostregions of China, the coastal areas have obtained a lot of financial support both from central andlocal government. As a matter of fact the financial subsidy becomes the key factor in this kind oinsurance.In fact, governmental finance have a huge impact on whether the farmers will participate inthis kind of insurance, and this will promote the willingness of farmers. In addition the level of this insurance should be raised and make sure that this kind of support will help the old to enjoy ahappy life.