Research Into The Problems Of Yuncheng’s Basic Pension Insurance Fund Balance Of Payment

Now China’s pension financing mode is combing of social pooling andindividual accounts. This model is an ideal model, because it can overcome the defectof the cashing system can’t coping with population aging and the fully system withoutredistribution. However, the practice of Yuncheng in recent years did not proved thesuperiority of this system, basic old-age insurance fund currently faces a crisispayment. According to the annual statistics report of Endowment InsuranceManagement and Service Center of Yuncheng, we refined the development of basicold-age insurance in Yuncheng City, we found that there exists the phenomenon ofserious imbalance of the fund balance of basic old-age insurance in Yuncheng city.The basic old-age insurance fund of Yuncheng city is imbalanced in the long-term,and the fund gap was gradually widening in recent years, fund payment pressure isbig. These imbalances seriously affect the sustainable development of Yuncheng cityendowment insurance business. The huge fund gap only relies on governmentsubsidies to paid on time and in full.This paper establishes a mathematical model to predict the future pension fundoperation of Yuncheng city. Constructing the fund income and expenditure predictionmodel and fund accumulated balance model. Parameters are set in consideration ofthe endowment insurance policy of our country and Shanxi province, according to thestatistics data of national economic and social development of Yuncheng city, annualstatistics report of Endowment Insurance Management and Service Center ofYuncheng. According to the evolution data of the prediction model, forecast a5yearperiod, the basic old-age insurance fund of Yuncheng city will continue imbalanced,must use accumulate funds to add revenue and expenditure gap, but at the end of2016,the past accumulated funds will be spent and appears deficit. Visibly, with theincrease of aging, if there is no government subsidies, the basic old-age insurancefund in Yuncheng city is lack of self-solvency in the long term. It is imminent toanalyze the factors affecting the fund balance of payment based on the model, and tobring up corresponding countermeasures to income gap combining the specific situation of our county and Yuncheng city.This article is to analyze the balance of social pension insurance fund, whichaims to solve the Yuncheng problem of a gap between revenue and expenditure insocial pension insurance fund, and to dissect the main influential factor in socialpension insurance fund: institutional factors, such as the pension replacement rate ishigh, old-age insurance burden is too heavy; non-institutional factors, such as thecollection rate and the income of operating pension funds is too low. On this basis,offer a series of methods. It mainly include institutional recommendations, such asdeveloping supplementary pension insurance, raising the retirement age gradually;technical advices, such as improving pension collecting and investment diversificationto ensuring the increasing value of pension funds.