The New Rural Social Old-age Insurance Policy Rational Choice

The rural social old-age insurance system is the base and the core of the ruralsocial security system. It is an important social system which related to basic living ofhundreds of millions of Chinese farmers. The time of reform and practice of the ruralsocial old-age insurance system is more than10years, the system achievedpreliminary results, but also encountered many difficulties and problems. It is farbehind from real needs of farmers. It has been difficult to adapt to there quarrymen’sof social development in rural areas. To innovate our rural endowment insurancesystem is a need for improving the rural social security system and guaranteeing thebasic living of aging population in the country，a desire for adopting the fast speed ofaging population, and a help for establishing harmonious society and keeping nationaleconomy’s sustainable development.The main Purpose of the article is, under the background that the state explore toestablish a new rural endowment insurance system and encourage some localities tocarry out pilot projects of new rural endowment insurance, to analyze the necessityand feasibility of the new rural endowment insurance system, using representativerural endowment insurance model at home and abroad as reference. Study on theprogram of the new-type rural old-age insurance, the author hopes to offer the recitalfoundation and reference for the establishment of the new-type rural old-age insurancesystem. From the point of view of the scientific nature and the degree of perfection ofsystem, the program is defective and there are some unresolved key issues, such as thesustainability of government subsidies, low of the benefit replacement rate, limitationof attractiveness of local financial subsidies, non-proprietary nature of partial propertyrights of personal accounts. It is difficult to convergence different Old-age insurancesystems and the investment management of fund is difficult. In the article, I putforward to some corresponding countermeasures to solve these problems.