The Study Of The Operation Mode Of The Old Age Insurance Fund

Endowment insurance is an important part of the social insurance. With theincreasing level of the urbanization and the growing phenomenon of aging population,the basically endowment insurance of China will be a serious problem. In thisbackground, how to correctly understand the operation of the endowment insurance ishelpful to understand the management of the endowment insurance fund. Besides, it isalso useful to help us find the right way to settle the problem of paying the endowmentinsurance in the endowment insurance fund.As is known to all, Germany is first the country to establish the old-age insurancesystem in the world in May1889. With the continuous development of the society, theendowment insurance system is gradually established all over the world. As the status ofeconomic development and political system are different for each country, theoperational modes of endowment insurance fund are also different in each country.Generally speaking, there are four main categories: the first one is the savings fundmode, the second one is the self-protected and country combined mode, the third one isthe mode of the state s welfare, and the fourth category is the national insurance mode.China’s old-age insurance reform was started in1992, which is the implementationof the "two-track pension" retirement system, the different nature of the work of retiredpeople adopt different pension system: people in the government agencies andinstitutions takes the financial unified payment of retirement pension system and for theemployee of the enterprise takes the certain standards of pay the "contribution"co-ordinate system. The basic old-age insurance system for the enterprises in China’sbasic endowment insurance system is the social pooling and individual accounts. Thissystem was established on January1,1995according to the "labor law". Theendowment insurance system is a new basic pension insurance system in China which isthe first one in the world. The system characterized by the pension fund is get fromthree parts: the state, enterprises and individuals, the entire three parts need to pay tosome extent. The basic old-age insurance fund is established under the aiming ofimproving the social benefit, which adapts the insurance level to the level of social andeconomic development and the social carrying capacity.Focusing on the development and reformation of the Chinese endowmentinsurance industry and based on the four kinds of the endowment insurance fund, thearticle chooses the city of Nanchang, which is a representative city in the middle area of china selectively to analyze the mode of the endowment insurance fund in Nanchangdeeply. Based on the social survey of the city, we give some reasonable suggestions onhow to improve it effectively with the hope of that the other similar area to get someuseful ideas from it.The article has six parts, the first part focus on the instruction of the backgroundand the idea and method of the research. In the next part, we make a brief instruction onthe basic theory and articles that is relative. In the third part, we analyze the four mainkinds of the endowment insurance fund. In the forth part, the article analyzes theoperation of the endowment insurance fund based on the survey of Nanchang.And thefifth part of the article gives some suggestions on it.The last part is the end of the article.