Research On The Level Of Financial Subsidy For Urban Workers' Pension In Liaoning

To reduce the pension contribution rate is one of the main contents of the cost reduction in the supply-side reform,and the payment balance of pension insurance funds is the most important restrictive factor of reducing the payment rate,especially the balance pressure of endowment insurance fund revenue and expenditure of Liaoning Province under the condition of large space is lower fees are the key problems related to the target time can drop rates.Pension subsidy is an important source of financing for the realization of the balance of payments in the process of supply-side reform,and it is also an important guarantee for promoting the linkage between the rate reduction of pension insurance and the balance of payments.The current financial subsidy for pension insurance adopts the "gap" mode,which is to determine the level of financial subsidies according to the gap of endowment insurance fund.Although the financial subsidy mode can achieve the balance between the pension fund and the budget,it is difficult to scientifically establish the budget and final accounts mechanism,and the compensation for the financial subsidy fluctuation is not conducive to the rational design of the pension insurance payment and payment mode.The pension insurance subsidy is not only the guarantee fund balance,cross lifecycle character of compensation but also has the old-age welfare loss,the old-age welfare loss across the life cycle of financial subsidies for basic level compensation basis,research contents are as follows:(1)The old-age welfare loss level of subsidy principle.Due to the income distribution mode of "low wage and high accumulation",the welfare loss of urban workers' pension insurance is lost in the process of economic system transformation in Liaoning province.The welfare loss needs to be compensated through the old-age insurance financial subsidy when these workers enter the old age.(2)The pension crisis in Liaoning and the characteristics of "two laws against the back" of the reality.With the continuous advance of the process of population aging in Liaoning Province,urban workers pension insurance fund gap began to appear and continue to increase,and family size reduction,high town high aging population and low labor population proportion."The two antinomy" feature is a key factor leading to fund balance pressure.(3)The compensation for the welfare loss of the pension insurance.Through mathematical calculation to construct loss of endowment insurance welfare workers pension insurance model,loss of welfare workers during the period of planned economy and the accumulation of specific determination,after calculating the span of life cycle,the life cycle of welfare pension insurance workers measured total compensation for 804 billion 900 million yuan;(4)the pension insurance subsidy level.On the basis of the staff retirement life expectancy,the finance pension subsidies time ranges from 1996 to 2044,this paper constructs a model to measure financial and pension subsidies,estimated urban workers pension insurance subsidies moderate level increased from 4 billion 900 million yuan in 1996 to 74 billion 300 million yuan in 2016,with the loss of old-age welfare population reduced gradually,appropriate level of old-age insurance financial subsidies began to decline steadily,gradually reduced to 7 billion yuan in 2044.The appropriate level of urban employee pension insurance is conducive to a reasonable definition of fiscal responsibility,scientifically planning the optimal design of endowment insurance system,and promoting the sustainable development of endowment insurance.