The Reform And Innovation Of Social Endowment Insurance System In Rural Ghina

Our country established the rural endowment insurance system in the80s. Andin1992our country implemented the old rural endowment insurance. But the oldrural endowment insurance had fallen by the wayside before because of the inflationand the change of the family structure.“State Department guidance on carrying outthe new rural social pension insurance pilot translation” promulgated by the statecouncil in2009is a major turning point. And agriculture, rural development andfarmers (called "three-agriculture") are among the top concerns of the ChineseGovernment. It is unfair for rural residents that implementation of urban and ruralresidents of China’s pension system is not uniform.“Opinion on the establishment ofa unified basic old-age insurance system for urban and rural residents” promulgatedby the state council in2014combined endowment insurance system for urban andrural areas. Nowadays, the basic framework of pension insurance has been fullyestablished. What’s more, how to pay premiums and how to manage the fund alsogives clear instructions. And the number of insured is also increasing every year. Butwhether the pension system can continue to implement long-term stability is stillunknown. Therefore, at this stage we still can’t relax and should pay more attentionto the current situation of pension insurance system. Moreover, we should learn fromthe advanced experience of other countries, in a timely manner to carry out thereform of pension insurance system.Today, our main problem facing the rural old-age security is weakenedtraditional old-age security features, weakened the efficiency and transparency ofmanagement systems, and accelerated aging of the population. In my opinions, the government should make greater efforts to promote child support for the elderly andalso enact laws to force children to support the elderly. For the household contractresponsibility system, farmers get some state subsidies and during the contract thefarmers whose production reached a certain rank farmers can continue to contractand it can fully mobilize the enthusiasm of farmers. For the accelerated aging of thepopulation and management regimes defect we can only improve the social pensionsystem to solve, especially from the legislative and regulatory.The remainder of this paper is structured as follows. Section1introduces theresearch background and significance. Section2briefly describes the process and thedevelopment status of foreign countries rural social endowment insurance system.Section3describes the development of China’s rural social endowment insurancesystem, the status quo and problems. Section4proposes a new rural social pensioninsurance system, and is calculated using the method based on the use of annuitiesguarantee a minimum level of rural existing data, and recommends takingmulti-pillar of China’s rural old-age security model. Finally, we end with someconclusions and future work in Section5.