A Study On Making Personal Account Of Basic Old Age Insurance Full

The basic pension insurance of China faced the large pressure of fund paying as aging population developed. The pension system in China has transited from pay-as-you-system to partial-fund-system since 1997.Because social pooling fund did not pay retired pension fully, social pooling account and personal account were managed altogether at the same time, so the individual account was diverted and tied up by government, and the government make it be the capital source of paying retired pension. The"empty account" of the individual account has already threatened the social security system and has violated the original intention of setting up individual account seriously, partial-fund-system did not be implemented smoothly.The analysis and forecasting of the revenue and expenditure of the fundamental old age insurance fund, if China continue to use pay-as-you-system our country will not pay Huge sum's retired pension in 2030 years. Take that Liaoning province made personal account fund reality as basis, by analysing the forecasting data, pension insurance of China will take a better turn obviously in adopting partial-fund-system in 2030.At last, the countermeasures to make personal account reality: Chinese government strengthens fiscal subsidies, defer retirement age, improve earning ratio of personal account fund, expand person numbers of joining the old pension system and reinforce to levies pension insurance fund, improve productivity and so on, and adopt the method of different accounts to manage social pooling fund and personal account fund, and invest individual account fund in order to guarantee the fund to increase.