Research On The Influence Of The Delaying Retirement On The Pension Of Urban Employees In China

In the the continuous development of China's economy and society,people's income level and their living standards have increased substantially.With the continuous improvement of social medical conditions,the per capita life expectancy is showing a prolonged trend,and the overall population's birth rate,death rate,and net growth rate are declining.Under the above background,China has experienced social problems such as the deepening population ageing,declining working-age population,increasing pressure on pension balances,and the mismatch between the current retirement system and the age structure of the population.This has brought China's social insurance system a severe test.The current retirement system has been difficult to meet the needs of social development,and reform of the retirement age system is imminent.Only when China adopts a gradual,flexible and delayed retirement policy can it respond to the growing crisis of aging,ease the balance pressure on social security funds,promote the steady development of China's economy and society,and effectively increase pensions for retired employees.In this paper,we review and summarize the relevant research literature on the problem of delayed retirement domestic and foreign,focusing on the impact of delayed retirement on the pension of urban workers as the logical center.Based on the present situation of China's real retirement policy,this paper makes a premise hypothesis,selects the parameters,constructs pension wealth model and pension replacement rate model,and quantitatively analyzes the influence of relevant parameters on the pension treatment of urban workers.After the study of this article,the following conclusions are drawn.Delaying retirement can,under certain conditions,greatly increase pension benefits for retired employees.The effects of delayed retirement on different groups of people are different,and the impact on women's pension increase effect is more obvious.The potential for delayed retirement age is huge.A higher return on investment can significantly increase the level of pension benefits for urban employees,especially for low-income groups and female groups.Based on the above findings,this paper proposes relevant suggestions from five aspects to ensure the pension benefits for urban employees.For example,establishing a sound pension dynamic adjustment mechanism,adopting a gradual and flexible delayed retirement strategy,establishing a comprehensive multi-level pension insurance system,guaranteeing the maintenance and appreciation of pensions,and other measures in coordination with delaying retirement.