The Effects On Pension Income Caused By Raising The Retirement Age

The aging problem is becoming more and more serious in our country,and the imbalance of pension income and expenditure scale has been highlighted in recent years.Although the country has issued a series of policies and measures to alleviate the pressure of pension payment,and in the beginning of October 2014,formally abolished the pension system,but the pension replacement rate and not with the reform of the endowment insurance and get promoted,but gradually reduced,so people will move to delay retirement,hope that through delay retired to alleviate social security issues facing our country.In this background,this paper constructs the actuarial model,forecast analysis of China's working age population,pension payment number and pension payment standards and other factors,resulting in our country under normal conditions of pension payments and our delay retirement policy in real line after China's pension payments.The situation of China's pension payments forecast 2016~2025,the final results showed that under normal circumstances,China's pension system is facing tremendous pressure to pay in the delayed retirement policy,pension payments under the different replacement rate is better than not to delay retirement policy implementation situation.It can be seen that the delayed retirement policy can be implemented in our country is based on the law,China should unswervingly and gradually promote the implementation of the delayed retirement policy.The first chapter is the introduction,which introduces the background of the research,the practical significance and theoretical significance of the study,research ideas,research methods and so on.The second chapter is the theoretical basis of this paper and the basic concepts and theoretical basis of the literature review,including the life cycle consumption theory and pension balance theory,including the basic concepts of delay retirement,pension replacement rate,the literature review of this article is divided into two parts,a literature review of domestic and foreign literature review,from the delay retirement on the balance of pension payments effect of replacement rate of two angle effect on the pension payments literature summary.The third chapter is the analysis of the status quo and risk analysis of China's pension payments,and summarizes the establishment and development of China's pension insurance system.The fourth chapter is the construction of the actuarial model,this paper builds a model of pension income and pension expenditure,to lay thefoundation for further discussion of the scale of pension income and expenditure.The fifth chapter is the empirical analysis of this paper,the pension income and expenditure of our country to delay retirement age was calculated,and compared the different substitution rate under different influence policy brought to delay retirement pension payments.The sixth chapter is the conclusions and recommendations of this paper,the first part summarizes the empirical results of the fifth chapter,the latter part of the paper based on the empirical analysis of the implementation of the relevant recommendations on the implementation of the delayed retirement policy.