Study On State-owned Enterprise Payment Burden Of China's Social Pension Insurance System

Social pension insurance system is an important part in China's social security system. With China's economic development and population aging, more and more people pay an attention to social pension insurance system. At present, the basic pension insurance system of China is the Part of the accumulation system with the characteristic of combination of social pooling and individual accounts. In the current funding model, the enterprises are the main contributory of pension insurance, it can be said that the enterprises' payment to pension is the fundamental source of pension funds.In a market economy, the enterprise takes the microscopic economic subject which operates independently and assumes responsibility for their own profits and losses, it makes the goal of profit maximization, the survival and development of enterprises is to follow the rules of survival of the fittest. The competitiveness of enterprises is a fundamental issue in a market economy and depends largely on the production costs, of which the main labor costs. In the context of economic globalization, because of increasing competition in product markets, enterprise's paying of social insurance contributions is difficult to transfer to consumers through increasing price. The pension costs of paying for labor and employment can only squeeze corporate profit margins. The current situation of Chinese enterprises is still mostly labor-intensive enterprises, labor-intensive enterprises' labor costs is very high, so the pension costs of paying for labor and employment squeeze enterprise profit margins is very clear. In fact, enterprises must not only take responsibility for the new system pay, but also have to repay the PAYG system of pension insurance liabilities. In other words, enterprises are undertaking the double payment in the current. Is this burden too heavy for the enterprises? Can enterprises afford to this burden? View of the current situation of pension fund deficits, is there room for improvement of enterprises contribution rate? This is a very important issue. It directly related to the sustainability of our pension insurance system.This article mainly focuses on the payment burden on enterprises of social pension insurance system in China with the empirical analysis from four perspectives. Four perspectives include theoretical perspective, international perspective, bearing ability of enterprises and the payment burden accounted for the proportion of total enterprises profits. Although each measuring point of the burden on enterprises level is different, but the common conclusion is that the payment burden on the current enterprises is heavy. Plus insurance and accident insurance, the unemployment insurance and insurance, the payment burden is heavier. The payment burden affects the competitiveness of the enterprise. Long-term high payment impacts the survival and development of enterprises. And it is not conducive to sustained healthy development of pension insurance system. In the end, it is against the social pension insurance system designed to be part of the cumulative system. In order to solve the problem, this article analysis the reasons which led to high levels of enterprise contributions, and negative effects caused by high payment. Finally, under the above analysis set out some measures to increase in pension insurance fund's income and lighten the burden on enterprises. Specific proposals as follows:adjusting the structure of fiscal expenditure, and raising pension insurance funds through multiple channels, improving the retirement system and strengthen the pension insurance fund operations, full realization value of the fund.