A Research On Integrating Old-age Insurance For Rural People

With the acceleration of industrialization and urbanization process, it is not realistic for the elderly in rural areas to depend on the family-based security and the land-based security like before. However, the previous old-age insurance system for rural people was not wholly satisfying. Meanwhile, it not played the role of sharing risk of elderly. On the concept of equal services for urban and rural residents, it has reached consensus on the establishment of a social security system for urban and rural residents and providing the rural residents with equal opportunity to share the fruit of our economic development. To resolve the dilemma of old-age insurance system in China and cover all rural residents by old-age insurance, the government must make a unified plan for rural and urban old-age insurance system and establish a new system to integrate old-age insurance system in rural areas. This paper designs an integrated old-age insurance system for rural people. All residents will be covered by the "basic pension and pension in personal accounts" pattern and the paid by stages pension plan. At last, the paper estimates the financial responsibility based on Fujian's data.This paper falls into five sections:The first part is introduction. This part introduces the background of the study, the literature review, the contents and the methods of the study.The second part expounds the dilemma of extending old-age insurance in China,that is the choice of rural and migrant workers' old-age insurance. This part describes and reflects the current situation of the old-age insurance for rural people.The third part expatiates on the concept, frame and the scheme of integrated old-age insurance for rural people. It is believed that people will be full covered by the urban social pension system, the "'basic pension and pension in personal accounts" pattern and the paid by stages pension plan.The forth part based on the data of population and finance of Fujian. It has a preliminary estimation for the financial sustainability, the calculation result shows that the government can support the basic pension for rural people in the next 50 years. The standard of basic pension is 30% of the farmer's net income. The last part concludes the whole study.