The Impact Of Three-child Policy And Delayed Retirement Age Policy On The Sustainability Of Basic Endowment Insurance For Urban Enterprise Employees In Ningxia

By the end of 2020,the number of people aged 60 and above accounted for 18.7 percent of the country’s total population,while those aged 65 and above accounted for 13.5 percent,according to the national seven-person general plan.Compared with the data of the "six people",the proportion of the population aged 60 and above increased by 5.44 percentage points,and the proportion of the population aged 65 and above increased by 4.63 percentage points.The two data comparison shows that the pace of aging of China’s population is gradually accelerating.With the improvement of medical research,medical security and medical services,the average life expectancy of our country has been greatly improved.In 2020,in response to the impact of COVID-19,the government has reduced the burden on enterprises and reduced operating costs by exempting or delaying the payment of social insurance for employees.As a result,social insurance income,especially endowment insurance income,has decreased,resulting in increasing payment pressure on China’s endowment insurance fund account.By 2033,the pension insurance fund of urban enterprise workers in Ningxia Hui Autonomous Region is expected to be short.In China,the third Plenary Session of the 18th CPC Central Committee proposed the concept of delaying retirement age for the first time,which has aroused extensive discussion and concern in society and public opinion.In the first half of 2021,the policy of delaying the retirement age has been sent to all provinces.In June 2021,China fully implemented the three-child policy,and in August,it was written into the Population and Family Planning Law.Therefore,with the implementation of the"three-child" policy and the policy of delaying retirement age,on the one hand,China’s fertility rate will fluctuate;on the other hand,as the number of retired enterprise employees increases,the sustainability of pension funds will be affected.In order to further grasp the two policy to the town enterprise worker endowment insurance fund is the influence degree of sustainability,this paper takes three child policy,delay retirement policy as the background,basic old-age insurance for enterprise employees in Ningxia hui autonomous region town as research object,build population forecast model respectively,fund income model and fund expenditure model,This paper analyzes and studies the influence of the implementation of the three-child policy and the policy of delaying retirement age on the income and expenditure of the basic endowment insurance fund of urban enterprise employee in Ningxia.The research finds that the comprehensive implementation of the three-child policy and the delay of retirement age can effectively reduce the gap of the basic endowment insurance fund.The former has a lasting effect,but the short-term effect is not obvious,which needs time to verify.The latter plays a more obvious role,but has a certain stage.