A Study On Chinese Pension Insurance System For Peasant Workers

With the deepening of reform and economic reform in rural areas, a large number of rural surplus laborers move to developed cities, gradually forming a transitional period of China's major new social groups-peasant workers. The number of peasant workers currently reach 1.4 million, however, because our country's binary social security, the peasant workers can't feast the equal social security as the townsman. As of the end of 2008, the number of peasant workers in urban take part in social pension insurance is 24160000, the employment of peasant workers in cities and towns only 17%. Establishment of pension insurance system of peasant workers is very important to express social justice, solving the three important issues.The issue on Chinese pension insurance for peasant workers has caused extensive attention, and local governments have introduced social pension insurance for peasant workers policy. However, local separatist regimes of pension insurance and the system inherent defects, resulting in low coverage of peasant workers, high surrender and difficult transfer of pension insurance relationship. Improve the existing peasant workers of the social pension insurance system has practical significance.In this context, according to our current low level of productivity and uneven regional development of the basic national conditions, the article proposed to improve the social security model for peasant workers not only to adapt to the informal employment of peasant workers and liquidity characteristics, but also able to reach the rural social endowment insurance system and urban social pension insurance system docking, lead to the development of urban and rural integrated system of pension system objectives.In the specific design of the system, the article referring to foreign successful experience of pension reform and the EU immigration policy on pension insurance, endowment insurance for the establishment of personal accounts. Through the actuarial analysis, article focus on pension funding model and the level of the payout, as well as the transfer problem analysis of insurance relationship. The article also from three angles of business, government, personal endowment insurance of peasant workers the economic feasibility of individual accounts, China already has quantitatively demonstrated the type of peasant workers to build a full pension accumulated individual account conditions. At last, a complete set of the household registration system, legal system, to establish a diversified fund-raising mechanism, building endowment insurance management platform supporting measures.