Research On The Balance Budget Of The Basic Old-age Insurance Fund Of Urban Workers In Henan Province Under The Background Of The Aging Population

Since nineteen nineties, our country has entered the aging society, with the rapid development ofsocial economy, the elderly population showed rapid growth trend, which has brought the serious impactand challenge to the basic old-age insurance system in China. With the situation of the aging of populationdeveloped more and more intense, how to ensure the balance of the basic endowment insurance fund whenthe future population aging peak appear, and this become paid more and more attention and discussion ofall.This paper based on the background of aging population, with the balance of the basicendowment insurance fund of Henan Province as the research object. This paper describes the relevantconcepts of basic old-age insurance fund and the Pay–As-You-Go, Fully-founded Pension System for thesetwo kinds of financing model of pension insurance fund balance of payments, and analyzes the impact ofpopulation aging on the two institutional fund balance. The author collected data and reference to theresearch results of other scholars, analyses the present situation, characteristics and the trend ofdevelopment of population aging in Henan Province. Summed up the reason of the aging of the populationmay bring impact to the endowment insurance system. Then through the factor analysis method, fund thebalance of payments of pension insurance model basic on old-age insurance fund of Henan Province,analyze and forecast the next30years in Henan Province of the basic endowment insurance fund. Thecalculation results show that, in Henan Province of the basic endowment insurance fund revenue andexpenditure in2027, and then only7years to the accumulation of funds is exhausted. Emergence ofendowment insurance fund balance of payments deficit in2033, while the deficit scale more and moreanxious. By analysis the result of the calculation, in order to avoid the basic old-age insurance fund deficitscale is too large when the ageing of the population peak appeared in Henan Province. The paper putsforward some basic pension insurance fund balance countermeasures and suggestions. First, by adjustingthe fund revenue and expenditure forecasting model parameters, through analysis, reducing the retirepopulation growth rate, increase the basic old-age insurance, improve the collection rate of insuredemployees of population growth is feasible to improve the balance of the fund countermeasures; Secondly, analyzed the implementation of the fund balance of payments measures from aspects of perfecting the basicold-age insurance system. By improving the structure of financial expenditure, increase financial input tothe old-age insurance, transfer of state-owned assets to the basic endowment insurance fund balance ofpayments problems, basic old-age insurance fund settlement value channel actively explore the basicendowment insurance can be the three aspects to solve the problem and relatively easy to implement.