China’s Pension System In Government Institutions Fund Balance Of Payments

The basic endowment insurance is a kind of social insurance system, which is established and implemented by the state in accordance with the provisions of laws and regulations. The implementation of the basic old-age insurance is to provide regular economic support for the retirement of social workers in the old age. Basic endowment insurance is the most important and the most basic security system in the social insurance system, the specific implementation and reform measures related to the requirements of current social economic system construction and development, related to social justice and efficiency, related to the quality of life and the needs of the mass society. Pension system has been one of the most important and difficult points in the economic system reform of all countries. The reform process of the basic endowment insurance in our country in the 1990s from the town enterprise, realize the combination of social pooling and individual accounts accumulation of endowment insurance, and organs and institutions of reform has lagged behind, resulting in a China’s current pension system of double track system. With the March 2012 the national NPC and CPPCC "on the merger system "issue and concern. In December 2013, the Ministry of human resources and social security identified merger of two track pension scheme, and in December 2014, the institutions endowment insurance system reform scheme "by the executive meeting of the State Council and the Central Political Bureau Standing Committee review, January 2015, the State Council issued the" decision on the organs and institutions of staff pension insurance system reform ", and" all localities and departments to formulate specific implementation opinions and measures in accordance with this decision, submitted to the human resources and social security ministry, the Ministry of Finance for record after implementation.The topics of the purpose and significance of the topic is the pension system reform in our country institutions as an opportunity, to build a new system of the relevant provisions of the fund balance of the mathematical model, through compared the current "double track system" payment balance of pension insurance status. Analysis after the merger of the balance of the basic endowment insurance system sustainable degree, and alignment parameters related to analysis, assess the possible future evolution of the balance state, and in view of the problems that may exist. After the merger of China’s basic old-age insurance system for possible technical adjustment scheme may be carried out and relevant proposals for reform.