Comparative Analysis Of Pension Insurance At The Provincial Level Model

The endowment insurance system of China has continuously improved over the past 20 years, but under the influence of certain factors during the operating process, there are still many problems are required further study to solve. At present, National Co-ordination of the primary endowment insurance has not been implemented. The Primary endowment insurance system has experienced the process of developing from city/county Co-ordination to province co-ordination, and has formed different Primary endowment insurance mode which are suitable for local area. Research on these different modes is helpful in deepening the reform of endowment insurance system, and provides a reference for the next step to realize national co-ordination.From the angle that the basic old-age insurance fund running, this paper summarize the mainly two modes applied in the 25 provinces which has realized province co-ordination, the "unified revenue and expenditure" mode and the "balance billing" mode. The two modes have their own advantages and disadvantages during operation. Based on a large number of literature and empirical investigation, and combining the qualitative and quantitative research methods, this paper compared the two modes from the aspects of the operation mode and run effects with Shaanxi Province and Fujian Province as representative examples.This paper valued the advantages and disadvantages of the two modes according to the basic indicators such as fund security, insurance portability relations, the extending coverage speed of persons who participates the insurance, financial pressure, the level of pension benefits, incentive factors and so on, and then forecast the two provinces'pension expenditure gap in the next 11 years by building model. Based on the above analysis, discover that the two modes have advantages but also have disadvantages need improvement. It needs combine the advantage to adapt to the coming national co-ordination reform of the Primary endowment insurance. Finally, this paper gives a number of policy recommendations for the endowment insurance to provide preparation for its national co-ordination development.