Shaanxi Province For Enterprise Retirees Pension Level Study

Endowment insurance system in China has a history of more than 20 years. The first-stage achievements have been made, however, more problems need to be studied further as the system reforms and develops. To carry out theoretical and empirical study of these problems is significant for reforming the endowment insurance system.By now there is no nation-wide integrated planning on the issue of endowment insurance system. Having undertaken a reforming system from city-wide planning to provincial-wide planning, Shaanxi has developed special "Shaanxi-model" endowment insurance institutions, which is now an example of other provinces. The system aims to guarantee the basic living standard of the retirees. The study of pension income and practical living standard of retirees from companies (as subject of the insurance system) is helpful for achieving the target of fairness and make preparations for achieving national planning.Based on the theories of social equity and income redistribution, this paper investigates the influence on the income of enterprise retirees after the provincial programming is carried out in Shaanxi. The effect of planning on retirees in terms of pension payment, issuance and adjustment is studies, too. This paper is targeted at the theoretical reasoning of the actual improvement of basic living standard of enterprise retirees. Meanwhile, the investigation and analysis of provincial programming in Shaanxi as well as the estimation and calculation of data before and after the provincial planning help prove that the improvement of planning level can ensure the basic living of retirees and make them live better. The pension income gap is narrowed down. The analysis of this paper is a theoretical and practical basis for achieving national programming. It is concluded that provincial planning of endowment insurance system helps ensure and improve the income of retirees from companies and raise their living standard. Though there are problems to be solved, suggestions are proposed in this paper in order to make nation-wide insurance system applicable.