Research On The Income Redistribution Coefficient Of Payment Level Of Nationally Overall Plan Of Pension In The Province Of Shandong

In our country, endowment insurance has developed for a long time. Its effect of theimplementation is very obvious. It has brought people security after retirement andruled out the trouble back. It is a very good policy that benefits the livelihood of thepeople. People rely on endowment insurance increasingly, and the frequency that peopletalk about this topic after dinner is also rising. Especially in the present, the pension isrising according to the improvement of the economic of China. It has strengthenedpeople’s sense of security and happiness and enhance the enthusiasm that the employeesparticipate in endowment insurance. It is benefit for the sustainable development of theendowment insurance. However, the development of the endowment insurance system inChina is still defective. Some problems and shortcomings are not allowed to ignore. Oneof them is lower nationwide pooling. It directly affects the fairness, effectiveness andsustainability of endowment insurance. So we should as soon as possible find a way toimprove the level of endowment insurance’s pooling.The improvement of the pooling level of endowment insurance can make thefunction of income redistribution better, but the problem that we must deal with first isthat how the new income redistribution effects on life levels of different areas.It willdetermine the implementation of endowment insurance at national level and a series ofrelated problems.Based on method of basic pension, this article analysis benefit level andredistribution of pension insurance at the different overall level of endowment insurance,and with the successful experience, considering that at different overall level the sociallevel of wages and its growth rate are different, balances individual, province andnational wage gradually, and founds four scheme for nationally overall plan. Then itcalculates their level of pension. Next it uses the core factor,namely the nationalendowment insurance payment level income redistribution coefficient, to estimate thefour schemes. And then it sums up the principle and proposes the best scheme. The bestscheme is that cardinal number of pension is the average of individual indexation wagesand the national average wage. This article also puts forward the related countermeasuresand suggestions. It narrows the gap of interest at different areas, strengthens the function of the income redistribution, and provides a theoretical basis for the implementation ofendowment insurance planning.