Urban And Rural Residents Of Social Endowment Insurance Of Jinan City

Urban and rural residents of social endowment insurance is a kind of system which is organized, guided and carried out by the government in order to solve the problem of urban and rural residents endowment, however, the problem whether urban and rural residents of social endowment insurance be able to meet the basic life demand of urban and rural residents in old age lacks specific measurement. As a leading indicator for measuring the level of old-age security, replacement rate level is related to the vital interests of the retirees. Therefore, this paper selects urban and rural residents of social endowment insurance of Jinan city as research object, researches its acceptable replacement rate and actual replacement rate in order to exploring whether the system be able to meet the basic life demand of urban and rural residents in old age.Basic on the academic research results, the Rawls’s theory of distributive justice, life-cycle hypothesis theory and the bottom line equity theory, the paper researches urban and rural residents of social endowment insurance of Jinan city from the following several aspects:First of all, the paper has a simple introduction on implementation situation of urban and rural residents of social endowment insurance in Jinan and summarizes its characteristics, providing theoretical basis for the later research.Secondly, basic on describing calculation methods of acceptable replacement rate and actual replacement rate, the paper builds ELES model. The paper estimates the acceptable replacement rate and actual replacement rate of urban and rural residents of social endowment insurance of Jinan city, compares the calculation results of acceptable replacement rate and actual replacement rate, the result shows that there is a gap between them and actual replacement rate is lower than acceptable replacement rate. On the basic above analysis, the paper comes to the conclusion that urban and rural residents of social endowment insurance of Jinan city can’t meet the basic life demand of urban and rural residents in old age.Thirdly, the paper analyzes the reasons that actual replacement rate is lower than acceptable replacement rate, the analysis finds that the reasons are the short of government financial investment, less pay of individual account, low return of individual account fund.Fourthly, according to the reasons of the low level of replacement rate, the paper puts forward the following suggestions:1, gradually increasing the intensity of government financial subsidies; 2, selecting the per capita income of urban and rural residents as the expends base with percentage rate system; 3, establish and improve incentive mechanism of urban and rural residents attending the endowment insurance; 4, strengthen individual account fund management, to ensure the value and value-added of fund.