An Study On Assessment And Countermeasures About Pension’s Level Of The Basic Old-age Insurance For Urban And Rural Residents In Zhejiang Province

For a long time,social pension insurance system has a continuous improvement and development,striding over the initial two-tier urban and rural pension security system.The Sate Council deployed to merge urban residents and the new rural pension insurance in 2014 and implement unified basic old-age insurance system for urban and rural residents.The implementation of this system takes the basic old-age insurance system in urban and rural into "integration" development stage.It achieves the unity of urban and rural areas and the unity of system, promoting the coordinated development of urban and rural economic and social development.Moderate pension plays an important role in narrowing the gap between the rich and the poor and protecting the basic life for low-income groups.So,it is necessary to carry on the empirical research to the basic old-age insurance for urban and rural residents.Zhejiang province begins the system in 2010.Based on the background,the article makes a pectination on the development situation of Zhejiang’s basic old-age insurance for urban and rural residents.It carrys on an empirical research about pension’level and influence factors,then puts forward some suggestions about the problem of the low pension.Firstly,the article builds an actuarial model of pension replacement rate,and makes an assessment about the pension’s level.It gets the conclusion that pension’s level is obviously insufficient.Combining the results,the article finds some rule and problems as follows:Government’s financial investment is insufficient;The individual payment contribution rate is low;Prolonging the payment years plays an important rule in improving pension;Individual accounts’ interest income is less,the risk of fund depreciation is big;The development of district economy and average income keep a reverse changing relationship with pension’s replacement rate,keeping a positive excit ation effect on pension’s level.Then,article analyzes the influencing factors from the angle of government financial investment, the insureds’ individual account and fund management.It thinks that the deficiency of insureds’ payment contribution rate in individual account is the key in restricting the level of pension security.Based on the rule of rights and obligation’equity,combination of equity and efficiency of social pension insuranc e.Stronthening insureds’ individual payment rate,avoiding the insured fall into the dilemma of “Policy welfare’s dependence ”is the key of the system’s development,is also the core of the security level’s sustainable development.Finally in order to promote the accumulation of individual accounts,it puts forward the targeted and feasible countermeasures and suggestions to improve the pension’s level of zhejiang based on perspective of government finance,system and incentive mechanism’s optimization and strengthen the insured’s payment responsibility.It putts forward that optimizing and adjusting the allowance’s gap of middle and low payment grade,balancing and implementing all levels of government’s route participation of responsibility,promoting fund increment,prolonging legal payment years to promote individual account’s accumulation,enhancing the minimum payment threshold and avoid the plight of“welfare dependence”.It aims to improve the policy effect and achieve goal of“Cover the basic”of the basic endowment insurance of urban and rural residents in Zhejiang province,and provide theoretical reference for the nationwide implementation of the urban and rural basic old-age insurance.