Study On The Calculation And Suggestion Of The Pension Fund Gap For Urban Workers In Quanzhou

In last few years,population is aged appeared the trend that speed accelerates,the gap of pension fund has become an international difficult problem.The pension fund for urban workers in China also has a huge hidden debt.Quanzhou is one of the big city inFujian Province,it has a good economic base,now balance of the pension fund for urban workers in good condition,but Quanzhou is also confronted with enormous challenges from aging of population,the pension fund for urban workers in Quanzhou will face a huge gap in the future.Unified basic old-age insurance at the provincial level,Fujian follow the principle of “approved base,quota payment,sharing in excess revenue,cost sharing”,the pension fund for urban workers in Quanzhou will not balance,the government from financial pressure will more and more serious.At the same time,in recent years the pension fund's banlance for urban workers in Quanzhou constitute about(except for the xiamen special economic zone)more than 50 percent of the total account,it make up the gap of pension fund for urban worker in other city.If the pension fund gap for urban workers in Quanzhou appears,it will seriously affect the solvency of the pension fund for urban workers in Fujian.Therefore,it is necessary to study on the gap of the pension fund for urban woekers in Quanzhou.In this paper,I used the formula to calculate the pension fund gap for urban workers in Quanzhou both social mutual assistance programs and personal accounts.I based my analysis on a calculation model of some experts,the calculation model includes a large number of variables,such as labour force,insurance rate,urbanization rate,the average life expectancy.And the calculation model was tested and adjusted with experimental data.In this way,I sets up a reasonable calculation model to calculate the pension fund gap for urban workers in Quanzhou.In this paper,calculated property of the calculation model has been studied.on the basis of the present system,the pension fund for urban workers in Quanzhou will not balance from 2023,and the pension fund gap scale increased year by year,the government will face with the severe financial burden.The main reasons for the pension fund gap in Quanzhou includes system transformation cost,recessive debt,population aging,retirement system,endowment insurance system and so on.It is high time to consider the problem on a grass-roots scale,the Quanzhou government should adopt a variety of measures to gradually ease the imbalance in the pension fund,like reduce the pension impersonator,extend coverage basic life insurance in society,step up the development of infrastructure for geracomium and maternity hotels.