The Effect Of Delayed Retirement After Fee Reduction On The Balance Of Basic Old-age Insurance Fund

At present,my country's population structure has changed,the old-age dependency ratio has always been on the rise,and the aging population has been deepening.This has caused great pressure on my country's social pension,a gap in the basic pension insurance fund,and a shock to the social security system.These series of questions have forced my country to reexamine whether the current pension insurance policy is in line with my country's current national conditions.The "Comprehensive Plan for Reducing Social Insurance Rates" announced in 2019 has lowered the contribution rate,and many provinces have dropped from 20% and 19% to 16%,which will undoubtedly bring greater pressure on pensions.Pension insurance as a very important social security system,the system must make corresponding adjustment strategies to maintain the stable development of the country.According to the current situation,the downward adjustment of the urban enterprise pension insurance unit payment rate and the aging population trend continue to progress,my country's urban employee pension payment pressure is increasing,and the basic pension insurance pooling fund is gradually unbalanced.Reform of the retirement policy is imperative.Therefore,we will focus on the impact of delayed retirement on the balance of payments of the basic pension insurance fund,in order to provide a theoretical reference for the formulation of my country's delayed retirement policy.First,the article establishes an actuarial model of pension income and expenditure for pooled accounts in accordance with current pension insurance policies,generates a survival probability table through the sixth census,and quantitatively analyzes the gender balance of delayed retirement under different retirement age schemes for pension fund pooling account fund balance.The impact of the fund gap rate was introduced to study the impact of delayed retirement on government finances,and to quantitatively analyze other factors affecting the balance of pension insurance pooling account funds.It was found that delayed retirement had a positive effect on the balance of pension insurance funds,and the impact of delayed retirement of male and female employees on the balance of funds is very different.Secondly,based on the establishment of actuarial models based on individual accounts,the effect of individual accounts on the balance of pension funds in different gender and different retirement age schemes was also measured.It was found that the delay in retirement led to an increasing gap in individual account funds,which was not conducive to the balance of pension funds.Finally,the study found that the delayed retirement makes the effect of pooling accounts and individual accounts on the balance of the fund contradictory.According to the data of the calculation results and drawing on the experience of delayed retirement practice abroad,it is proposed to delay the retirement age as soon as possible,diversify investment in pensions,introduce other social benefits to supplement the basic pension insurance,and adjust the personal account calculation month,recommendations on the age difference between the number,pooled accounts and individual account pensions.