Study On The Optimization Of Multilevel Endowment Insurance System In China

In the report of the 19th National Congress of CPC,according to the requirements of the Dwelling the base line,weaving dense network and constructing mechanism,a multilevel social security system covering the whole people,co-ordinating urban and rural,clearing power and responsibility,a moderate guarantee and sustainable is put forward in an all-round way.Endowment insurance is an important part of a country's social security system which is related to the living standards of every citizen retirement or old age.In 1991,China promulgated the "decision on the reform of pension insurance system for enterprise workers" for the first time to set up a multilevel endowment insurance system.After more than 20 years of development,China has initially established a multilevel endowment insurance which is take basic pension insurance system as the main body,with the enterprise annuity(occupational annuity)and personal savings pension insurance as a supplement.However,our country is at the primary stage of the continuous improvement and development of the endowment insurance system.There are still some shortcomings in the operation process of the multilevel endowment insurance system,such as the basic pension insurance system "one hold the dominant position ";The enterprise annuity(occupational annuity)and the personal savings endowment insurance develop slowly,the supplementary effect is very limited;The development of endowment insurance at all levels is not balanced;the endowment insurance at all levels is not interconnected.In order to solve these problems and shortcomings,break the barriers between multi-level old-age insurance and promote the balanced development of the multilevel endowment insurance system in China.The author uses the relevant theoretical basis to analyze the causes of existing problems and draw lessons from scholars at home and aboard as well as the multilevel endowment insurance in Germany and the United States of the practical experience of insurance system,tries to put forward countermeasures and suggestions to optimize our multilevel endowment insurance system from the perspective of the whole system framework.The author believes that the basic thinking of optimizing the multilevel endowment insurance system in China is to establish a multilevel endowment insurance system with the basic pension insurance as the main body,the enterprise annuity(occupational annuity)and the personal savings pension insurance as the effective supplement.We should reduce the payment rate and substitution rate of basic pension insurance and provide space for the development of enterprise annuity(occupational annuity)and personal savings pension endowment insurances,make clear the responsibility of the three parties of the government,market and individual to realize the pluralism of the main body of responsibility;Make system design flexible,improve the incentive mechanism and get through the barrier of all levels of pension insurance to realize interoperability;Encourage the development of market,improve the efficiency of resource allocation and consider the impact of emerging and non economic factors.We should optimize the multilevel endowment insurance system in our country,promote the balanced and orderly development of the pension insurance at all levels and build a social security network together.We should make better use of social stabilizers and mutual aid functions in the critical period of deciding to complete a affluent society in an all-round way,make it become the important livelihood project for achieving the goal of the two one hundred year struggle in China,basically realizing socialist modernization and building our country into a prosperous,democratic,civilized,harmonious and beautiful socialist modernization powerful country.