Research On The Acceptable Replacement Rate For The Urban And Rural Endowment Insurance In Beijing

Beijing city,as the capital of our country,has a special development mode both in the aspect of economy and population.As early as 2009,the government of Beijing city had established the pension insurance for urban and rural residents.As a result,the pension insurance has same contribution rate and treatment level which changed the dual structure in the countryside and the cities.Nowadays,town worker endowment insurance,urban and rural residents endowment insurance,the pension system in government institutions and old age security system are the important parts which form the social security system in Beijing.Residents should pay their insurance once a year.The minimum contribution rate is 9% of the per capita net income of rural residents,the highest contribution rate is 30% of the per capita disposable income of urban residents.This article has seven parts.The first part is the introduction part which illustrate research background,research status,innovation of the research and research methods.The first chapter aims at defining the concepts and pointing out the relevant theories.The second chapter is the part which studies current situation,questions and reasons about the insurance.The third chapter studies the current replacement rate of urban and rural residents endowment insurance in Beijing through actuarial approach,it is a answer to the question that wether the current replacement rate of urban and rural residents endowment insurance in Beijing is perfect.As a result,the current replacement rate is about [45.80%,68.50%].The forth chapter,as the most important part,follows some methodologies to model the acceptable replacement rate.The rate of mutual assistance is stable temporarily,so the article gives more attention to the rate of personal accounts.Through the methodologies to model the acceptable replacement rate of urban and rural residents endowment insurance in Beijing,we have known the acceptable rate of urban residents endowment insurance in Beijing is about [35.90%,64.00%],and the rural residents endowment insurance in Beijing is about [36.22%,60.00%].In this context,the fifth chapter puts forward some influencing factor including the payment rate of personal accounts?legal retiring age and the help from the government.The last part points the conclusions and suggestions.