A Study Of Responsibility And Financial Resources Division Between Central And Local Endowment Insurances

The responsibilities and financial resources between the central and local endowment insurances have not been divided clearly,which makes it impossible for China's pension system to develop in a healthy and orderly way,the central and local endowment insurance responsibility clearly differentiate to become China's endowment insurance reform a top priority.In August 2016,The State Council promulgated the guidance on advancing the reform of the division of responsibility between the central and local governments,The views pointed out that the basic endowment insurance should be defined as the central and local common financial resources,and clear the responsibilities of the main body,and according to the division of power by the central and local central or proportionate expenditure responsibility.This article revolves around the central and local endowment insurance responsibility and financial resources division,first introduces the concept of the endowment insurance responsibility and financial resources.Secondly summarizes the theoretical basis of endowment insurance responsibility and financial division,classification principles and system premise,international experience.Again after the endowment insurance responsibility and financial theory division between central and local governments and actuarial balance,specific according to the two ideas: The first kind of way of thinking,In the central and local(province,city)is divided into two levels,will be 60% replacement rate of basic pension are divided into the central fundamental annuities,the other 30% and 30% for local transitional annuities and individual account annuities,and carry on the two sides balance calculation,and then match the central,provincial 9% and 5% respectively of the overall pay cost and individual pay cost by 8% under the corresponding resources.The second train of thought,The total replacement rate of 60% basic pension is divided into central 30% basic pension,12% provincial transitional pension and 18% municipal individual account pension,taking the central,provincial and municipal levels as the object.The total replacement rate of 60% basic pension is divided into central 30% basic pension,12% provincial transitional pension and 18% municipal individual account pension,taking the central,provincial and municipal levels as the object.Based on measurement of individual account pension spending,According to balance calculations with actuarial principles,match them with corresponding fiscal capacity,which is divided as follows: central and province are separately matched with pooling payment of 9% and 4%,city is match with individual payment of 8%.In the above theory of dividing and the overall measurement,In the 31 provinces regional difference of the measured results of analysis,summed up the double surplus and double deficit,two levels of extreme,real choice of four types of regions.Finally,put forward to strengthen the study of the theory of the endowment insurance responsibility and financial division;In the legal framework to achieve responsibility and financial resources division between China's central and local endowment insurance;Endowment insurance related department division of labor as a whole;Perfect endowment insurance fund transfer payment system;Relevant policy recommendations corresponding to the whole financial system in our country,And for the central and local governments in our country endowment insurance responsibility and financial resources division to provide the reference.