Research On Raising Pension Fund And Repaying Implicit Pension Debt Of China

While the reform of old age insurance system in China is advancing, the implicit pension debt has become the key problem in the process and received more and more attention. Due to IPD, the new system has many problems on the aspects of raising pension fund, such as difficulties in raising pension fund and in extending the coverage of the old age insurance system, the enterprises escaping from the liability for paying pension fund or falling into arrears with pension fund, raised fund being not enough to be distributed to the retired, etc. So there is possibility that leads the old age insurance system we are building now to the pay-as-you-go system. How to repay the debt becomes the issue of the government and academics. The author recommends some experiences in three countries on representative of the world, which takes place in the process of transformation of the old age insurance system. On the basis of describing the process during which IPD of China took it's shape, the author presents the possible countermeasures by qualitative analysis and quantitative analysis, then puts forward that resolving the problem of IPD is a comprehensive systems engineering. We should adjust the old age insurance system, take advantage of economic measures comprehensively and legislate for the old age insurance system and for correlative fields with the old age insurance system.