The Research On Influence Factors Of The Replacement Rate Of The Tax Deferred Pension Insurance

Since the 21st century, the aging population of China has proliferated in recent years, this problem is more and more prominent, the supply and demand of labour market is imbalance. Because the pension gap is very huge,people pay attentions to the security of old's life.During the two sessions this year, the prime minister put forward the report at the 12th session of the National People's Congress meeting.It increases the standard of the pension by 10%.In order to deal with the aging problem,the government accelerates the establishment of the social services system and develops elderly service industries.lt focuses on pension, health, tourism, culture and other services as the main focus of expanding domestic demand.Chinese old-age security system is made up of social basic endowment insurance, enterprise annuity and individual deposit old-age insurance. So establishing multi-level old-age security system is dependent on the commercial endowment insurance.It can complement the source of the individual income and guarantee people's quality of life and level after retirement.Pension replacement rate is generally one of the evaluation index of endowment insurance plan.The definition of replacement rate generally is the ratio between the retirement pension and the level of wage income before retirement.It is one of the index toexpress the level of the retirelife.At present, Chinese basic old-age insurance replacement rate level is too low.And commercial endowment insurance develops slow.The pension gap is more and more.The national finance burden is increased greatly.The world bank studied of the pension income gap of our country, according to the current pension system model,our country's gap of the basic old-age insurance income is more and more serious.In order to ease the financial pressure, make the worker has been the basic life after retirement to be guaranteed.Our government has formulated the business pension replacement rate expectations for 20%-30%. As a result,the country promotes the structural reform of endowment insurance system actively,and improve the construction and management of commercial endowment insurance market in China.It is important to raise the level of China's commercial old-age insurance replacement rate.These measures in order to solve the problem of the economic security of old people,and provides a more stability social environment for the development of China's socialism.In this paper, through the establishment of the endowment insurance actuarial balance model of EET endowment insurance tax deferred type.It analysises of different factors on the tax deferred pension replacement rate.This paper can be divided into the following several parts:The first part is the introduction,this part introduces the background of the selected topic,the significance of the study,literature review,the structure of the article,the research method,innovation points and deficiency and future research direction.The second part is the theory analysis of commercial endowment insurance.It introduces the concept and characteristics of the tax deferred pension insurance.And this paper introduces the contents and development condition of "three pillars" system.This article combines the domestic and foreign experiences,comes to the conclusion of EET model tax deferred pension insurance.The third part is the analysis and development of foreign tax deferred pension insurance.This part Introduce the IRAs plans, German private pension plans and the private pension plans of England in detail.The forth part is the questionnaire survey of tax deferred pension insurance.It investigates the public's perception of tax deferred pension insurance.And it analyzes three factors about personal income,age and the nature of job.The fifth part is the actuarial model about tax deferred pension insurance.According to the relevant data of China,this part comes to the conclusion about the tax deferred pension insurance's replacement rate.The return on investment,the wage increase rate,the ratio of pay,the overhead expenses rate,the tax rate,the retirement age influence the tax deferred pension insurance's replacement rate.The sixth part is the conclusion of this paper and the proposal about the development of tax deferred pension insurance.