Research On Yunnan Basic Pension Insurance Fund Gap Compensation Mechanism On The Background Of Aging Population

In recent years,with the development of economy and society,the proportion of the aging population is increasing,the sustainability of basic pension insurance fund in China has attracted great attention from whole society,especially the development and improvement of the basic pension insurance system for employees in enterprises,which has a far-reaching impact on many aspects of economy,society and politics.In this context,Xi Jinping pointed out in the report of the Nineteenth National Congress that the basic pension insurance system for urban workers should be improved.At the Third Plenary Session of the Eighteenth Central Committee,the Decision of the Central Committee of the Communist Party of China on Several Major Issues Concerning the Comprehensive Deepening of Reform proposed the establishment of a fairer and sustainable social security system.Based on the background of population aging,this paper analyses the current situation of the basic pension fund gap of enterprise employees in Yunnan Province,that is,the scale of fund revenue and expenditure is increasing,the current balance of fund mainly depends on financial subsidies,the gap of individual account is serious and the operation of empty accounts.According to the basic principle of basic pension insurance actuarial,this paper uses PB2016 actuarial model of Social Security Center of Ministry of Human and Social Affairs,combines the specific content of basic endowment insurance system of enterprise employees in Yunnan Province and the changing trend of population age structure,simulates the fund income and expenditure and balance in the next 10 and50 years,and forecasts the fund gap in the future under the background of population aging.It is proposed that the gap of basic pension insurance fund for enterprise employees should be addressed in terms of guaranteeing the number of pension contributors,strengthening the management of fund income,exploring the strategy of long-term fund balance,and establishing a periodic actuarial analysis system.This study shows that: in 2014,the basic pension fund for employees of enterprises in our province has appeared revenue and expenditure gap,and the personal account will appear in the future gap,and will expand with the acceleration of population aging,which is expected to reach a peak around 2048.Therefore,we put forward policy suggestions: first,to increase revenue andpromote the growth of the number of contributors;second,to strengthen the management of fund income in a multi-pronged manner;third,to reform and explore the long-term balance strategy of the fund;fourth,to strengthen research and establish a regular actuarial analysis system.