The Personal Saving Pension Insurance For Urban Workers In Shanghai

In the face of the growing population aging, how to improve china’s pension insurance system has become an important research topic. At present, China’s old-age security system is a combination of basic pension insurance, enterprise supplementary pension insurance and personal savings of three pillars of pension mode. In this system, basic social pension insurance is forced by the state to implement, is the foundation of social security, belonging to social redistribution; enterprise supplementary pension insurance is a kind of corporate behavior, is an important part of the pension insurance system; personal savings pension is a personal act, an auxiliary part of multi-pillar pension system. Supplementary pension insurance and personal savings for old age insurance in China is in the initial stage of development, especially personal savings for old age insurance, the lower degree of concern of workers.In 2006, Shanghai has already begun to actively explore the deferred tax policies, regulations within 5% of the total business portion of wages can be deducted before tax; 2015 commercial health insurance pilot, individual tax incentives in Shanghai officially implement the provisions deduction limit 2400 yuan / year; eighteen Third Plenary Session accelerate the development of supplementary pension insurance and commercial insurance, Shanghai has launched a corresponding matching measures designed to build a multi-level social security system. All these show that Shanghai actively promote enterprise annuity and personal savings pension reform and development to improve the "three pillars" of the pension insurance system at the same time, strive to build so that all personnel are actively involved in the social insurance system.This study selected for Shanghai urban workers personal savings pension scheme studies, according to Shanghai personal savings pension development-oriented, combed experience typical state of Singapore, the United States and Chile, pension reform, combined with the actual situation in Shanghai design a set of personal savings for old-age insurance scheme for urban workers in Shanghai, and were specifically addressed concessions from the selection mode, the establishment of preferential model, setting the tax base to determine the amount of payment, etc., through the contribution rate, cost-estimated income replacement rate of the feasibility of the implementation of the program, from the government level and institutional and individual levels are proposed to improve the personal savings of the pension insurance system suggestions.