Company Worker Fund Of Primary Endowment Insurance Actuarial Studies

Endowment insurance is mandatory according to the provisions of national policy, securitysystem of the basic livelihood of retirees from needs. It is located at the core of the socialsecurity system, it plays an important role in guaranteeing the basic living of retirees, promotethe economic development. However, because in recent years the rapid increase in the elderlypopulation and institutional transition cost, cumulative debt and other reasons, the currentendowment insurance fund balance contradictions increasingly prominent.The key to the establishment of the endowment insurance system is to ensure a balancebetween the revenue and expenditure of the basic pension insurance funds. It is not only relatedto the life and security of the retired workers, but also related to the stability of the whole societyand the smooth transition of aging society. The analysis of pension revenue and expenditureinvolves the knowledge of demography, actuarial science, statistics, and other aspects. Thisthesis adopts the approach of the actuarial of the balance of the pension insurance funds.Actuarial theory, which is on the basis of Probability theory and mathematical statistics,integrates with the related science of demographic, society, economy, interest theory, life tabletheory, population projection theory, and wage and interest rate forecasts theory in order toevaluate the future level of financial revenue and expenditure and debt of the endowmentinsurance funds as well as estimate the level of social security which may be provided and theeconomic capacity which may be reach in a given social security resources. All this provide thebasis for a balanced development of the social security system. Therefore, this thesis establishesthe workers’ pension funds actuarial analysis model through the basic introduction of socialinsurance actuarial theory in order to quantify various factors that affect the balance of paymentsof the endowment insurance; With the help of a mathematical model, this thesis predicts theincome and expenditure of the endowment insurance funds after a number of years and alsoestimates whether the pension funds will keep balance during the target period of the system;Then this thesis calculates how to adjust relationship between the variables appropriately on thebasis of actuarial model to ensure that the pension insurance funds reach a state of equilibrium;Finally, this thesis makes an empirical analysis through the actual situation and historical data ofa certain province, hoping to solve the problems in the long-term operation of the pensioninsurance funds.