Research On Financial Supporting Ability For The Urban And Rural Endowment Insurance Of Liaoning Province Based On Pension Demand

China is in a period of transition and development of economic and socialrestructuring, faced with the dual task of economic development and the protection ofpeople’s livelihood. In such a historical period,China, with a future oriented and aninternational perspective,take the comprehensive construction well-off society as anopportunity, proposed the building of the new rural endowment insurance system and theendowment insurance system for urban residents respectively in2009and2011. Afterseveral years of pilot operation, in order to narrow the gap between urban and ruralareas,to further improve the coverage of urban and rural social endowment insurance, sothat more people can benefit, our country merged the new rural endowment insurancesystem and the endowment insurance system for urban residents together, then establish aunified urban and rural residents endowment insurance system in2014.As the core partof the social security system,endowment insurance system is of great importance.Cause asocial security system can get healthy and sustainable development when the endowmentinsurance system can get healthy and sustainable development.At the present stage,although Liaoning province made great progress andachievements as the first pilot,overall, due to the historical and structural factors of itsown economic development mode, the development of old-age security system isunbalanced now.Urban and rural endowment security system is still failed to achievecomprehensive coverage.Besides,pensions is low, urban-rural gap is too large, amechanism of coordination has not yet formed.These problems lead to a serious lack ofsocial security for urban and rural residents in Liaoning Province,Plus pensionreplacement rate is much lower than international limit,it’s easy causing serious socialinjustice and stability, and will further influence the social development.Therefore, fromthe theory of public goods and state intervention, studying the financial ability to pay forthe government pension, exploring its affordability about the reasonable level of futurepensions of the elderly population is very necessary.Based on the theory of Finance and social security system,this paper takes theendowment insurance for urban and rural residents as the theme, with the support of thehistorical and forecast data, Through the analysis of the theoretical needs of urban andrural residents in Liaoning province, calculating the burden ability of government finance, and from the above results, construct the central and local allocation model. Finally,toimprove the level of endowment insurance of urban and rural residents in Liaoningprovince put forward some conclusions and countermeasures.