Study On The Adjustment Mechanism Of Urban Employees' Basic Pension In Chongqing

The basic endowment insurance system of urban workers is an important part of China's social security system,it is important to ensure that workers enjoy proper economic compensation after retirement to meet the basic needs of life.And it is also a key link of social harmony and stability,as well as people's pursuit of a better life.The booming economy in recent years has enriched people's lives,but at the same time,the original pension level has fallen relative to the inability to share economic dividends,rising prices are making pensions more difficult to meet people's need.Therefore,it is an important task for the pension insurance system to adjust the pension so as to ensure the basic living standard of the retired workers and to guard against the old age poverty.In 2006,Chongqing first proposed to establish a normal adjustment mechanism for basic pensions.Afterwards,Chongqing formulated specific adjustment methods according to the adjustment level proposed by the ministry of human resources and social security of China every year.After more than ten years of exploration,reform,and practice,a pension adjustment system with quota adjustment,linkage adjustment,and appropriate tilting has gradually emerged,which has played an important role in protecting the living standards of retired workers in Chongqing.However,after 13 consecutive years of pension increase,the existing pension adjustment system still reveals that the adjustment mechanism is not perfect,the adjustment basis is not clear,the adjustment ratio is unreasonable,and the substitution rate is low,it is obviously difficult to guarantee the workers' life.Therefore,the establishment and improvement of the basic pension adjustment mechanism in Chongqing not only relates to the level of living and remuneration of retired employees,but also relates to the social stability during the critical period of economic restructuring in Chongqing,and the task is arduous and urgent.Through literature review,international comparison,and analysis of the existing characteristics of Chongqing's social-economic and urban employees' endowment insurance system and rationality verification,etc,this paper selects the per capita disposable income growth rate of urban residents,the consumer price index,and the growth rate of the support ratio of basic endowment insurance for urban employees as the basis for the pension adjustment,and builds a pension adjustment index model based on this.The analysis shows that the adjustment ratio of pensions is positively related to the growth rate of per capita disposable income of urban residents and the consumer price index,and it is opposite to the support ratio of basic endowment insurance for urban employees.The design of this system not only ensures that pensions for retired workers do not decrease as the price level rises,but also shares dividends for the rapid development of the economy.At the same time,it can keep the adjustment ratio within the scope of rational restraint,without losing the welfare of the contemporary generation.In order to verify that the pension adjustment index model is suitable for the matching degree,and has guiding value to the Chongqing endowment insurance system,this paper selects three representative adjustment schemes to carry out simulation calculations,and puts forward policy suggestions on improving and perfecting the adjustment mechanism for urban employees' endowment insurance in Chongqing.