Chinese Rural Endowment Insurance System In The Context Of An Aging Population

The aging of the population is an major issue which have great affects on economic development and social stability. The decline of mortality rate, the slow-down of population growth, as well as the increase in the average life expectancy is the main reason for the phenomenon of old age. From the aging of China's regions, through quantitative and qualitative analysis we know that the aging of the rural areas are more serious than in cities, a greater proportion of its aging population, aging faster and at the same time as a large number of young and middle-aged labor become urban workers, rural population Aging will further exacerbate the problem. From it's impact, the aging of the population has brought about tremendous pressure to the old-age security system, which resulting in increasing demand for old-age security, the model of pension security under attack, and pension fund management system needs reform, this is an urgent need to improve and perfect our country's Rural social endowment insurance system.China's rural social old-age insurance system has gone through the development of the pilot phase of the investigation, the expansion of the pilot phase, phase of the rectification, and a new type of rural social old-age insurance pilot phase of exploration, there are still too large gap between urban and rural areas, as well as other problems such as disorder of fund management and the fail implementation of specific policies. From all over the rural social endowment insurance system reform experience, Guangdong Province, Jiangsu Province, Shanghai, are the three typical areas: Guangdong, the new insurance system to completely replace the original system, Jiangsu Province, the perfection of the original system, Shanghai, based on it's original, which set up another small town of old-age insurance system. To improve rural social endowment insurance system should be guided by the level of security with the level of economic development, voluntary insurance and compulsory insurance combined with multi-channel fund-raising as basic principles; in the specific measures, the old-age insurance should be strengthened the legal system, standardize the operation of the pension insurance process, improve the financing channels of insurance, improve the supervision system of insurance funds, and improve the ability to increase the value of insurance funds. At the same time we should also set out a series of measures, such as "family- community" two-track mechanism for old-age, integration of urban and rural old-age security system , concessions policies of rural old-age insurance, etc...