The Convergence Of Resident Pension Insurance And Employee Pension Insurance In Zhejiang Province

In China, Social Pension Insurance beginning in the Mid-1990s and shows a“fragmentation" station in a long time. With more and more cross-regional flow ofinsured person and a large number of migrant farmer workers, the Pension Insurance inour country is faced with the contradiction between the urban and ruralPension Insurance.The Residents Pension Insurance has always been a difficult obsession andstumbling block to balanced development between urban and rural areas and amongvarious regions. In this social context, the convergence between Residents PensionInsurance and Employee Pension Insurance is necessary and gradually shows sharpercontradiction.This paper studies the convergence between the two system in Zhejiang Province.In2009, Zhejiang Province issued the rule of Residents Pension Insurance. Thisimplementation Opinion not only sets up the Residents Pension Insurance for urban andrural residents in Zhejiang Province, but also puts forward the concrete scheme tolink each system of pension insurance. The paper uses theoretical and practicalanalysis method and Comparative analysis to research the connection and operationconditions of Pension System in Zhejiang Province.The paper also revealed advancedand unreasonable aspects in convergence between residents pension insurance andemployee pension insurance.This paper is divided into five aspects. The first part mainly elaborates theresearch background, significance, literature review, the relevant theory and researchideas and the main innovation and insufficiency. The second part defines therelated system, and introduces present situations of the convergence between thetwo system in Zhejiang province. Compared with the Zhejiang Province. thethird part mainly introduces present situations of the connection between the two systemin other areas and find the advantages and disadvantages of Zhejiang convergencesystem.The fourth part describes the problems of Zhejiang connection system and putforward some analysis. social insurance must consider the interests of the insuredperson, in this paper, equity theory and comparative analysis methods are been appliedto explain why the convert ratio is too low, how to deal the the socially pooled funds .The fifth Part put forward some proposals of the connection of the two systems forZhejiang Province, such as Residents Pension Insurance should adopt notional account;before the insured person reaches pension age,social insurance institution retain theirinsured records; improve the translate ratio and so on.Converge the two pension insurance will promote the frequency of labor flowingbetween urban and rural areas, and promote economic development. this paper studiesthis connection system of Zhejiang Province, both balanced Pension Insurancemechanism, also the connection systems s have referential significance in other region.