Study On The Income Redistribution Effect Of Urban Workers In The Reform Of The Pension Insurance System Of Government Department And Institutions

The State Council decided to implement the organs and institutions pension reform from October 1,2014, one of the purposes is to better reflect the fair of system and equitable rules. The purpose of this study is evaluating the redistribution of the urban workers' pension insurance system after the reformed and estimating that how wage growth?interest rates and payment period effect redistribution.The article select three indicators which include lifetime net transfers, income redistribution effect internal rate of return, the pension replacement rate gap,and use of actuarial method. The article analysis evaluation of the fairness of the reformed pension system and its influencing factors of government employees and workers by the questionnaire survey. The article raise policy recommendations, provide a reference for the government to optimize the system design, and allowing the community to have a clearer understanding according to research conclusion,For the basic pension system after the reform, the different income groups is calculated on the net amount of the transfer lifetime estimation results show that when the wage growth rate is greater than or equal to the interest rate, the income gap between high and low income earners plays it forward regulatory role, but if interest rates are too low or wage growth exceeds a certain level, there has no intra-generational redistribution effect; under the conditions of that wage growth is greater than the interest rate conditions, pension system will produce unfavorable intergenerationa effect for the next generation.In the opposite case,the same result will occur. the longer payment period, the more obvious of the redistributive effects above. internal rate of return calculation results and pension replacement rate gap suggests that, after the reform, the system has a positive income regulation. Estimated from regional perspective, the article have come to much the same conclusion.Since the income redistribution effect of the new pension system combined effects of wage growth, interest rates and payment period, the government should strengthen coordination between relevant departments and strengthen Macro-control Scientific Under the premise of the rules of market economy. Government get on effective system adjustment in the evolution of the socio-economic system.