Study On Financial Burden Of Pension Insurance For Urban And Rural Residents

In the present,the main contradiction in our society has been transformed into a contradiction between the growing need for a better life and the uneven development.This means that the responsibility of financial commitment is more important,and the finance is facing more and more problems,among which the most What is outstanding is the issue of financial sustainability.The sustainability of the pension insurance system depends to a large extent on the support of the government’s finances.However,as the population ages,it is expected that the proportion of the elderly population will reach 25%by 2030.This has brought huge pressure on old-age security,and social pension insurance is facing greater pressure on revenue and expenditure.The Ninth National Congress put forward a new goal of reforming the old-age security system,which emphasizes the development of a universal coverage,urban-rural integration and sustainable endowment insurance system.This requires the financial sector to play a more important role in the pension insurance system.According to the data of the 2018 China Statistical Yearbook,Most of the income of urban and rural residents’pension insurance funds comes from government financial subsidies and is still on the rise.The financial subsidies for basic endowment insurance for urban and rural residents increased from 164.4 billion yuan in 2014 to 249.4 billion yuan in 2017,with an average annual growth rate of 14.88%.This is not only the responsibility of the government but also a burden on the government.This paper takes the financial burden of urban and rural residents’endowment insurance as the research object,and uses the theory of public goods,welfare economics theory and fiscal decentralization theory as the theoretical basis to analyze the financial support for the operation of urban and rural residents’ endowment insurance.From the central and local government levels,the financial burden of the insurance on the insurance is analyzed.Next.construct a financial subsidy model for the central government and local governments,respectively,to predict the central financial burden of the urban and rural residents’ endowment insurance and the local financial burden in 2019-2025.At the local level,four representative provinces are selected for analysis arnd prediction.Next,this paper selects Henan Province as the research object,from the perspective of pension demand,try to analyze the rational distribution structure of the central and local finance of the insurance basic pension in Henan Province.Through the analysis of the insurance,the following conclusions are drawn:First,more than 70%of urban and rural residents’pension insurance funds rely on government financial subsidies;secondly,from the vertical perspective,the central financial burden of the insurance is less than the local financial burden,from a horizontal perspective The financial burden of the eastern provinces of the insurance is senerally higher than that of the central and western provinces.Third,the financial burden of the central government on the insurance is within an affordable range and shows a downward trend.Fourth,the local financial burden of the insurance is increasing year by year.Exceeding the maximum trend;Fifth,taking Henan Province as an example,from the perspective of pension demand,the central government can try to assume the theoretical lower limit of the insurance,and the local government bears the theoretical upper and lower limits.It can be seen that the sustainable development of urban and rural residents’pension insurance needs to strengthen the management and operation of insurance funds,and further optimize the central and local fiscal expenditure responsibilities and improve the overall level.