Research On The System Maintaining The Continuity Of The Pension Insurance Relation In China

With the process of industrialization and urbanization, the social endowment insurance system gradually replaces the traditional old-age home model and becomes an important guarantee of economic life when their labor income lost due to old age. If the endowment insurance relation is difficult to be maintained on the labor mobility, it is bound to not only harm its endowment interests, which affect its livelihood in old age, but also affect the endowment insurance system on its healthy development. Therefore, it has be drawn greater attention and become an important research topic of the social security in China.The substance of the endowment insurance relationship based on the labor relation is to enjoy the pension right and interest of financial security in their old age from their country or society. Therefore, the relationship refers to the protection of their pension right and the balance of their pension benefit on the labor mobility. However, with the China's current "debris" endowment insurance system, the low levels of social overall plan , as well as the local and personal benefit protection under the existing system, it is the serious impediment to the protection of their insurance relation, which means that the pension right may be lose, as well as the pension benefit may be unbalanced or damaged.If the impediments are analyzed deeply, which hinder the insurance relation continuty, it is easy to find that the deep-seated reason causing this phenomenon is the certain deficiencies of the existing endowment insurance system. At present, many measures are put forward to solve this problem, such as the sub-calculation method, the elevation of overall plan level, but they are only the " patch "type initiatives and do not change the existing endowment insurance system. Thus, it is difficult to completely solve it.The key to solve the problem is to explore the root cause of this problem and to find solutions. With the guidance of the Marxist economics, the absorption from the theory on the government and market mechanism of Western Economics, and the international experience in the development of their endowment insurance system in the world, this paper argues that the key is to build a new endowment insurance model on the four pillars, in which the government and market mechanism is moderately considered. The first pillar is the government-led universal basic endowment insurance with the wide coverage and low level. The worker's pension benefits will not be lost due to the job mobility. The second pillar is the individual accounts system with its total accumulation under the role of government and market mechanisms, which is very portable not to affect the shift of their insurance relation. The third and four pillars are the enterprise-led portable pension or occupational pension and commercial-style endowment insurance with personal savings, which can ensure their pension right and interest on the job mobility.