Study On The Level Of Endowment Insurance Of Urban And Rural Residents In Shanxi Province

In 2014,the combination of "new rural insurance" and "urban residential insurance" was collectively referred to as urban and rural residents' endowment insurance,marking the realization of "urban-rural integration" of the basic endowment insurance system,and the real system guarantee of "old-age security".However,under the current system,whether the pension level can meet the basic living needs of urban and rural residents,and whether it can resist inflation and the rise of price level to truly realize the "old-age support",so it is necessary to study the level of system insurance.This paper studies the level of endowment insurance of urban and rural residents in Shanxi Province from the perspective of pension replacement rate.On the basis of reading a large number of documents and materials,this paper first expounds the relevant concepts and theoretical basis of the level of endowment insurance for urban and rural residents.Secondly,it analyzes the current situation of the endowment insurance system of urban and rural residents in Shanxi Province,from the implementation of the endowment insurance system of urban and rural residents and the level of insurance,including the implementation of the insurance situation,the number of people receiving benefits,the fund income situation and the fund expenditure situation.The current situation of the insurance level is from the replacement rate of urban and rural residents' pension,the regional comparison of the replacement rate and Group comparative analysis.In addition,from the perspective of pension replacement rate,we build a model and measure the actual level of endowment insurance of urban and rural residents in Shanxi Province,and use matlab7.0 software to get the results.On the basis of previous theories,we estimate the moderate level.Through the comparison of the actual level and the moderate level,we can see that no matter which payment standard urban residents choose,they can not reach the lower limit of the moderate level,even if they choose 2000 yuan The replacement rate of pension obtained by 40 years of payment standard payment is 19.00%,which is 6.68% different from the lower limit of the appropriate level.Even if most of the payment standards are selected by rural residents for 40 years,the replacement rate of pension cannot reach the lower limit of the appropriate level.Only when the higher payment standard of 1500 yuan is selected for payment for 35 years or more and 2000 yuan for payment for 20 years or more,the actual level of replacement rate of pension can reach As a result,the level of endowment insurance of urban and rural residents in Shanxi Province is relatively low under the current system.Finally,the paper analyzes the feasibility of improving the level of endowment insurance from three aspects: financial affordability,individual payment ability and fund investment earning ability.On this basis,the paper conducts policy simulation,and finds that the level of endowment insurance of urban and rural residents is roughly the same when the basic pension,payment standard and individual account fund investment earning rate are improved at the same time In the range of moderate level,some effective suggestions are put forward,such as establishing dynamic adjustment mechanism of basic pension,establishing individual payment mechanism linked with income level,and increasing investment income of individual account fund.