Research On The Improvement Of Occupational Annuity In China

Occupational Annuity is the supplementary endowment insurance which requests that enterprises think the real condition of operation and make decisions by consulting inside independently and uniformly under the precondition of participating in mandatory basic endowment insurance payment legally. It occupies the middle level of the three-level endowment insurance carried out by the most countries in the world. Under the condition that pension replacement rate decreases yearly, it cannot ensure the lives staffs lead after retiring just depend on the basic endowment insurance payment forced by the country. Building and enhancing Occupational Annuity System could protect basic endowment insurance and relieve the stress staffs faced on the lives after retiring so that the level of guarantee could be improved. However, the process of building Occupational Annuity System is not a plain sailing. Its whole building situation cannot be treated optimistically and have a giant gap compared with fast development country in the world.This paper starts from introducing basic theories and concepts of Occupational Annuity System and points that it is extremely urgent for not only government and enterprise but also stuffs to develop and enhance Occupational Annuity System under the background of aggregative aging of population and the insufficiency faced by endowment insurance. By analyzing the process of this system develops under various kinds of enterprise development and improvement, we can find the internal defects as well as specific reasons of slow development. Referring to the success experience of supplementary pension of endowment insurance system of USA, Japan, Australia and England while combing the current condition of development in our country, provides improving Occupational Annuity System in China with direction and right way. Finally, focusing on government, market, enterprises and stuffs, I put forward feasible policy suggestions individually. I wish our country can make the design of high level of endowment insurance system perfect and really make use of the supplementary impact Occupational Annuity has on endowment insurance.