| The situation of aging in our country is extremely serious and complex.The number and size of the elderly population have been growing at a plateau over the long term.According to the UN Population Development Agency’s forecast of China’s population,the population of the elderly will reach the highest peak around 2060 accounting for about 33% of the total population.In the aging process,the traditional family pension can no longer meet the growing demand for old-age care services,accompanied by the problem of miniaturization and empty nesting of the family structure.In such a severe pension situation,the smooth development of Home Equity Conversion Mortgage(HECM)would be propitious to relieve the pressure of supporting the elderly from the society,the government and the families.However,the development of HECM in China is facing lots of obstructions,including the legally barriers which in need of solutions.This paper first elaborates on the development process and development effect of the housing pension insurance system in the pilot,and puts forward the problems faced by the housing pension insurance system in the current stage of practice.Secondly,this paper focuses on the main models and experiences of the developed countries represented by the United States and the United Kingdom.Finally,on the basis of learning from the experience of Europe and the United States,combined with the specific problems in the practice of housing pension insurance system in China,the solution is proposed.Specifically,it is proposed to increase the legal mitigation principle of property rights and introduce the land annual rent system to reconcile conflicts with the current legal system,improve the housing pension insurance object system,standardize the operating procedures of the housing pension insurance system,and establish government guarantees and assistance mechanisms. |
