The Study On The Level Pooling Of Rural And Urban Residents Endowment Insurance In Anhui Province

Endowment insurance is an integral part of social security; pension is also an important issue that everyone must deal with. The elderly population aged60or over, of Anhui province in2013is9.847million, accounting for16.3%of the whole population. According to scholars’forecast on the aging population of Anhui province, the elderly population of Anhui province will reach the highest level on record and account for30%of the whole population, suggesting that the pension burden of Anhui province in the future will be heavier. In order to solve pension problem for urban and rural residents, Anhui province implemented Urban and Rural Residents Endowment Insurance policy in2011. This system has two parts:one is personal account annuities which are paid by individuals; the other is state and local fiscal subsidies for paying. The purpose of implementing this system is to make sure that all urban and rural residents in Anhui province can be supported in old age. However, except for some cities and areas of Anhui province, the rest all implemented the system at the county pooling level. According to the law of large number, the higher the pooling level of pension fund, the stronger the ability to resist risk. Therefore, the low pooling level will be detrimental to the continuous and healthy implementation of urban and rural insurance policy. In2014, the state council proposed to integrate rural and urban insurance policy and every area should promote running the policy at province pooling level step by step by taking local situations into consideration. Therefore, improving the overall level of urban and rural pooling level in Anhui province is imminent, also an inevitable trend in the development of social security.This article is divided into four parts, the writer respectively on the paper:The first chapter introduced the research background, significance and main methods of this study, and summarized the domestic and overseas related research. Chapter2introduced some relative concepts and theoretical basis. Chapter3analyzed the implementation of the Urban and Rural Residents Endowment Insurance policy in Anhui province, as well as the problems caused by low pooling level, including weak security of fund, unsolved problems in maintaining the value and adding the value, bad effects on free labor migration and fairness. The paper4pointed out how meaningful improving the province pooling level could be, and analyzed the favorable conditions for improving it. Chapter5the author put forward four personal advice on how to employ the Urban and Rural Residents Insurance policy at province pooling level:realizing the six terms of unification, unifying the technology management, the fund operation, and the role of the good local government, and thus hoping to make a contribution for making province level pool of Urban and Rural Residents Endowment Insurance policy in Anhui province.