Research On The Transfer And Continuation Model Of Pension Insurance Relationship Based On The NSCD Nominal Account System

Since the reform and opening,China's economic construction has achieved great achievements.The gradual improvement of the new open-economy system requires the smooth flow of labor.According to surveys,the floating population in China in 2016 is as high as 245 million people,and will be continued in the future for a long time.The population movement will continue to be an important phenomenon in China's economic development.In order to better maintain the pension rights of floating employees,China began implementing the ?Interim Measures for the Transfer of Basic Pension Insurance for Employees of Urban Enterprises?in 2010.This measure is of great significance for the convergence of pension insurance for enterprise employees who are floating across provinces.However,we must also see some of its limitations.Based on the current status of transfer of pension insurance in China,combined with theories of fairness and efficiency,stakeholders,and the equivalence of rights and obligations,this paper finds that the current transfer and continuity policy will result in the loss of the balance of account equity for floating employment pension insurance,which is not conducive to the fair and sustainable development of society.In response to these problems,we use the method of subsidizing the calculation of pensions within the EU member states to construct a pension transfer relationship transfer model based on the rights and interests of the employment population: the NSCD nominal account system.This system divides the transfer of pension insurance into four parts: national planning,subsection calculation,collection account,and drawing summarize.In the context of China's current pension system that combines social pooling and personal accounts.The national planning refers to the establishment of a nationwide mobile employment personnel endowment insurance co-ordination information platform for employees who are employed across provincial provinces,and the national 12% transfer ratio is planned for the whole country;subsection calculation refers to the people who use the European Union's practices to conduct inter-provincial employment in China.When reaching the retirement age,the country's unified settlement platform calculates the contributions of the insured in different regions,and then pays the pension in proportion;collection account is corresponding to subsection calculation.When the inter-provincial floating employment personnel reach the retirement age,the nation's unified settlement platform calculates the situation of the insured's payment in various places,and then the unified national platform brings the various regions;drawing summarize refers to the results calculated by the bank based on a unified national settlement platform.It collects all thepensions of the places that have been insured and gives them to the participants.After these four steps,the transfer of old-age insurance will continue to be automatically transferred and accessible.Through the establishment of a nationwide mobile employment group endowment insurance coordinating information platform,these four links are unified.This not only solves the problem of the migration and continuity of floating employment personnel's endowment insurance,but also safeguards their old-age pension rights,and lays the foundation for endowment insurance nationwide planning.The 19 th National Congress clearly stated that it is necessary to implement the national pension plan as soon as possible,which is not only related to the floating employment population,but also a major issue related to the development of the entire pension insurance system.It is of far-reaching significance to create a stable and harmonious environment for the building of socialism with Chinese characteristics.