The Change And Replenish Of Account Of Individual Primary Endowment Insurance System For Town Employees

The old people of our country has four characteristics,such as Aging of our countrypopulation growing faster, huge base number, large regional differences, old beforerich,which made our country face too much problems. as elderly burden coefficientincreased, the pension payment face great pressure, the population of working age forthe elderly support burden is constantly increasing, bring endowment insurance fund inthe financial crisis. H Xiaoping, vice-minister of human resources and social securitysaid on February24,2011, our country will enter an aging population peak around2030,people over the age of60will reach more than30%of the population in our country,which is about432million. Elderly population growth speed very fast, how to deal withthe upcoming peak population aging? First of all, the material base that is enoughmoney to guarantee the life of old people, so our country transformed pay-as-you-gotype of endowment insurance system into another system,that is the combination ofnational accounts and personal accounts, wich personal accounts accumulate capital todeal with aging population. But because of some problems existing in thetransformation process of the system, the personal account empty account operation,according to the Chinese academy of social sciences, the world social security researchcenter director Zhengzhou Bing wen sade,the scales of empty account is widening,compared with2004in740billion.the scales of empty account within six years hasbeen expanded nearly doubled, roughly1.3trillion,till2010.at2001Liao bing provinceas a pilot to make personal old-age pension accounts real, and then the policy beimplemented in Heilongjiang, Jilin, and other eight provinces. At present, althoughthese policies’ effect is obvious, but the other provinces continue to operating emptyaccount, and the scales of empty account is more and more big.now the aging peak isimminent, so we should to make the personal account real as soon as possible. But makepersonal account real most effectively? This paper taking the system’s change path asthe breakthrough point, study history and the specific reasons for this situation, then toexplore and summarize effective measures to make personal account for real, in order todeepen the reform of the endowment insurance system, perfecting the endowmentinsurance system, and puts forward beneficial Suggestions.This article mainly divides into five sections, the first chapter is the introduction,this chapter analyzes the the background and significance of making personal account oftown worker basic old-age pension insurance system to real, put forward its own research ideas and methods, mainly in three batch of pilot model that have madepersonal account to real and foreign pension reform and pension investmentmanagement as samples.in this paper empirical research and normative analysis are themain tools.at the same time applying to statistical analysis tools such as description,comparison and analysis, to research the cause of empty personal account and thehistorical retrospection and the harm of empty account, find the root cause and findsolutions; On the basis of above analysis and research, this article objectively putforward the innovation and deficiency of the paper.Chapter II, from the system of personal accounts system of town worker basicendowment insurance to analysis and research, firstly defines several concepts about thetheory, such as basic endowment insurance of China town worker and town primaryendowment insurance, the definition of social endowment insurance for urban residents;Secondly according to certain time period, on the basis of the empty scales of personalaccount,divided the basic endowment insurance of town worker into three stages, tomake the analysis more pertinency.The chapter III analyzes the necessity to fully fund personal accounts, use the lifecycle theory and OLG two theories as the foundation, analyzes the five specific causesfor the personal account empty, such as system adjustment too frequently, and followedby discussed the disadvantages of individual accounts continue to be operated empty,unable to cope with the upcoming peak of population aging, etc., finally, analysis theimpacts of making personal pension accounts real and the macroeconomic effects andaging population from four aspects t. in a word, no matter making personal accountsreal in which of the two ways is do more good than harm.The fourth chapter mainly summarized the three pilot experience as the startingpoint of research.first elaborated the three specific modes of making it real, such as"fill gaps" of Liaoning mode,"fill account"of Heilongjiang an Jilin mode,"dynamiccompaction, dynamic subsidy model of eight provinces; Second, compared these threemodels; Finally, evaluated the three modes on the basis of the analysis and comparisonof three modes, mainly from experience and the problems two aspects, to puttingforward practical experience for reference for the province or region to make personalold-age pension accounts full.Fifth chapter on the experiences of foreign country and the above three kinds ofdomestic modes, putting forward the policy Suggestions to making personal accountsfull.firstly we should determine the fundamental principles of making personal accounts full, such as steps and sizing, step by step to do real principle, the principle of " big andreal", etc.; Finally, considering the ways to making personal accounts is different, thispaper mainly in two direction to putting forward suggestions of making personalaccount real. Direct fill personal accounts pension gap mainly include: clearresponsibility, the central local financial compensation, transfer of state-owned assets,fill the implicit pension debt, etc.; Other indirect ways to fully fund personal accountsare: improve the overall level and expand worker collects of endowment insurancecoverage,at the same time, to explore effective ways of management and investment tofill "empty account", etc.Because our country is to belong to the typical countries: first old aging but notrich, aging time is short and inadequate reserves. as a result,the task of making ourpersonal old-age pension accounts full is more heavy than other countries, we should setthe force of government and enterprises, social common to making it full. About how tomaking personal accounts full effectively,the provinces and regions can constantlyadjust and improve in the process of making it full when meeting problems.