Research On The Transition Cost Of Basic Pension System For Urban Workers

Our basic Pension system for urban workers has changed from the State-Guaranted model in the planned economy age to a model suited the market economy and the social security. China city Pension system was adopted in the way of combination of social fund plus individual account. In the turns of New and old patterns, conversion costs is inevitably casued, such as staff Pension debt left under the model of national security. The rapid ageing of debt in progress and the impact of inflation render our ever-expanding trends. The small insurance coverage in the traditional model results in a small town in the persons' Pensions and retirement of the maintenance rate stamp, and expanded coverage of needs a certain social costs. All these costs is critical of the Government of the recessive debt, How to write off the this part of the debt as soon as possible in a reasonable way is the critical condition to finish the system transformation and it is the focus in the academic circle. It is necessary to find proven solution and methods. From the aspects of method, time to solve this problem.This article first describes formation of China's Pension system cost: from the traditional national security mode of the free-Endowment into social security mode of payment of Pension, resulting in a transfer costs. Secondly, this article analyzed the cost of Pension reform, and the cost of scale and the reason of the year on enlargement. Again, this conversion costs on the basic Pension insurance system, respectively, from the local government, Enterprise, personal, three perspective angle. Finally, the focus of the article is to discusses the digestion system cost proposals and ideas, confirm that the body of the transformation cost digestion, make digestion way. If owned assets "designated capital repayment", "recognized debt securities issued" and do real personal accounts, etc; and explores the changing costs of digestion, i.e. applying the progressive or one-time payments.This article's highlights: new research survey data, new statistics issued by National Bureau, query the latest National Statistics Yearbook, the annual statistical bulletin, census, data provided by authorities research reports , analysis, charting, to support the article more effective, so that the issue is with more credibility. At the same time according to scientific cost who to repay, how to repay, when will repay a series of questions with our situation, analysis of scientific cost problems, use foreign case, targeted solutions. Finally, the article also talks about the reasons of conversion costs, scale, effects and solutions and also combined the actual situation of Shanghai to analysis, in order to achieve a more concrete and practical resolution, to increase the feasibility of transferring the cost to resolve.