Endowment Insurance Fund Balance Research Under The Background Of An Aging Population

Endowment insurance is the important component of the social security system, in recent years, with the quickening pace of the market economy construction; the reform and perfection of endowment insurance system also need attention. At present, as the population ages, the rapid increasing of elderly population proportion and declining birth rates for years, the number of retirees who receive pension increases, the getting time of pension extends continuously. Concerning the management of pension fund in our country lack of professional background, the pension income gap will increase year by year. This article starts from the aging of the population characteristics and the influence of population aging on endowment insurance fund, proves that Chinese pension fund balance issue worth exploring; And then based on fund balance model which is under Partially Funding System condition, making a comparative analysis of the constraint relationship between retirement age and contribution rate; Then through the change trend of contribution rate analysis, summarizing some regularity, confirming that delaying retirement is the first and important step of the current pension system reform, and making an systemic analysis about the other factors restricting pension balance, finally puts forward some countermeasures to fully achieve the equilibrium of pension policy.The full text is divided into six parts, the introduction: this chapter mainly puts forward the research background of full text, research significance and research framework, and details the literature review at home and abroad from two aspects, introduces the research methods of this article. The first chapter: the definition and theoretical basis. This chapter mainly introduces the relevant concepts and the basic theory about population aging and fund balance, also details the three fund raising patterns. The second chapter: From five aspects to explain population aging and its influence on endowment insurance fund balance: population aging makes the dependency ratio rises, the endowment insurance fund in the financial crisis, financing pattern shifting, the fund management mode transformation and retirement policy shifting, also briefly introduces the current population aging characteristics, current situation and development trend. The third chapter: The construction of endowment insurance fund balance model. This section based on expends base unchanged, consistent retirement age, ignoring the conversion cost and the system covering all the town enterprise and workers, deducing balance model under Partially Funding System. The fourth chapter: The forecast analysis of endowment insurance payment rate. After predicting the future population, set the replacement rate and the average annual pay, and then put the data into the model obtained in chapter 3,calculateing the contribution rate under Partially Funding System when the retirement age is 56, 60, 63 and 65. The fifth chapter: the countermeasures of realizing endowment insurance fund balance of payments. This part mainly introduces the foreign checks, puts forward five countermeasures: Rising the retirement age, strengthening expends work, expanding the endowment insurance coverage, exploring the pension investment channels, and strengthening the functions of the government, to achieve the balance of pension fund in China.