Font Size: a A A

The Impact Of Delayed Retirement On Urban Employees’ Pension

Posted on:2017-05-07Degree:MasterType:Thesis
Country:ChinaCandidate:J YeFull Text:PDF
GTID:2309330485959197Subject:Social security
Abstract/Summary:PDF Full Text Request
It has been nearly 40 years since the State Council issued two Interim Measures related pension insurance in 1978. The current pension system in our country is basically still follows the way. With the situation of our aging population increasing, the discussions on whether delaying retirement or not has gradually become the focus of attention, and it will be put on the agenda soon. However, how to proceed the delayed retirement specifically and what impacts it will make on people’s lives will be related to the key of sustainable development of Pension cause directly. Therefore, this paper selected the impact of delayed retirements on urban employees’ pension as the starting point of the paper to make in-depth analysis and discussion. It is hoped that some reasonable proposals can be made for the upcoming delayed retirement.This paper selected the Life Cycle Theory and Overlapping Generations Theory as the theoretical basis. Then a brief introduction to the experience and characteristics of the delayed retirement reform in four countries(United States, Japan, Germany, Britain)has been made. Based on these, the model of life annuity in social insurance, an actuarial model on the level estimation of the urban employees’ pension has been constructed. Through the model, this paper measured the level of urban employees’ pension under the conditions that different genders in delayed retirement and different schemes of delayed retirement. By analysis and measurement, it was found that the impact of delayed retirement on urban employees’ pension had something with the employees’ life. Moreover, although the effect of delayed retirement on making up the huge pensions gap for the moment is not much significant, its cumulative effect in time can contribute to the improvement of the system of pension investment operations significantly. In addition, compared with the overnight delayed retirement plan, delayed program step by step is more advisable both in pension pressure easeand in pension replacement rate. Finally, according to the estimates and the international experience, this paper proposed several some recommendations for the delayed retirement in future, which include preventive measures to deal with the negative impacts, delayed retirement step by step, and promoting the diversification of pension business model.
Keywords/Search Tags:delayed retirement, urban employees, life annuity calculation, pension payments
PDF Full Text Request
Related items