Research On Problems And Countermeasures Of Pension Insurance System For Urban Of China

Among the social security system, old-age security system highlights the importance,which has become the important supporting measures of the state-owned enterprises reformand the steady development of social economy. At present, China’s old-age security systemmainly includes the following three parts: town enterprise worker basic endowment insurance,enterprise annuity, retirement security agencies and institutions and the rural socialendowment insurance. Urban basic old-age insurance system was established in the1950s,and began to reform in the mid of80s.China has preliminarily established social plan as abasic mode which combines the whole and individual account; For over50years, governmentinstitutions has been executiving retirement security system, there are some provinces andmunicipalities which carry out the pilot authority institution endowment insurance society toplan as a whole; Rural pension still has the priority to support the family and community,since1990s, some places began the exploration of the establishment about rural socialendowment insurance system.Since reform and open up, the socialist market economy system getscontinuousdevelopment, the basic old-age insurance system ges constantly development too, endowmentinsurance problems also gradually revealed, mainly has the following problems: first, thebasic system is incomplete, excessive segmentation, chaotic, loopholes large; Second,insurance responsibilities, management is not smooth, affect the service quality and efficiency;Third, core system is not sound, the coordinated reforms lag; Regions insurance pay gap istoo big between rich cities and poor cities, between developed regions and underdevelopedThis article demonstrates the basic old-age insurance system can realize sustainabledevelopment, the key lies in the basic endowment insurance fund self equilibrium, or whenthe fund is difficult to balance itself,therewill be on the outside of the system will seekrational and effective source of finance. Therefore, on the one hand China needs rationaldesign system in order to realize the sustainable development of the system for the pursuit ofgoals; On the other hand it is necessary to establish appropriate strategic reserve funds, inorder to cope with the aging population accelerating progression of fund payment risk or slowthe financial pressure of system.