Urban And Rural Residents Endowment Insurance Personal Accounts Of Plan Hair System Research

With the increasing degree of China’s population aging, the endowment insurancesystem has become a more and more important part of social security. The function of theendowment insurance system is to improve the financial security of the insured in laterlife through state and society, in which the calculation and payment and the balance ofpension in personal accounts have a crucial impact on the later life quality of the insured.Specific to Recommendation on the Establishment of A Unified Basic EndowmentInsurance System of Urban and Rural Residents Proposed by the Sate Council(No. 8[2014] of the State Council), the introduction of a new recommendation has promoted thein-depth development of the endowment insurance business, marking the calculation andpayment method of personal account of endowment insurance has stepped into a newdevelopment stage. The new recommendation puts forward that in terms of individualtreatment and adjustment of endowment insurance, the monthly calculation and paymentstandard of personal account of endowment insurance is currently the amount after thetotal amount of all pension savings in personal account is divided by 139. The capitalbalance in personal account can be inherited in accordance with law after the death of theinsured. However, 139, the unified calculation and payment coefficient, has ignored thedifferences between urban and rural areas, between different regions and betweendifferent genders, thus resulting in the problem that the number of the overspent monthsis different, which has aroused the attention of many scholars. Therefore, an analysis ofreasonable calculation and payment coefficient of personal accounts is of practicalsignificance.The paper describes the existing problems of the calculation and paymentcoefficient of personal account of endowment insurance of the individual urban and ruralresidents in detail and makes an in-depth analysis of the causes of the problems.Meanwhile, it studies the establishment and optimization of the calculation and paymentcoefficient model of personal accounts, and analyzes the factors affecting the calculationand payment coefficient of personal accounts of urban and rural residents, on the basis ofwhich, it further calculates the reasonable calculation and payment coefficient ofpersonal accounts. It combines the comprehensive analysis of data to give acorresponding conclusion, showing the calculated pension calculation and paymentcoefficient of personal accounts is more reasonable, and finally puts forward reasonablepolicy recommendations, providing a theoretical basis for the continuous development ofChina’s endowment insurance system of urban and rural residents and the later life ofurban and rural residents that elderly will be looked after properly.The paper consists of five parts:Chapter I describes the relevant concepts and theories of personal account ofendowment insurance and traces to its source to analyze the conceptual meanings ofendowment insurance and personal account, providing theoretical support for the writingof the paper.Chapter II makes an analysis of the status quo and existing problems of personalaccount of endowment insurance, explains the evolution and improvement of the pensioncalculation and payment method, and based on the analysis of the status quo, conducts ananalysis and demonstration of the problem that the number of the overspent months isdifferent between different regions, between different genders and between urban andrural areas.Chapter III makes a quantitive analysis of the parameters involved in the calculationand payment coefficient model of personal accounts based on the calculation model ofthe calculation and payment coefficient of personal accounts, and analyzes the factorsaffecting the calculation and payment coefficient of personal accounts of urban and ruralresidents.Chapter IV determines the calculation and payment coefficients of the unifiedpersonal accounts and gender personal accounts through the discussion and optimizationof the calculation and payment coefficient model of personal accounts, then from theperspective of the average life expectancy and the replacement rate, a social securitymark, makes an analysis and comparison of the rationality of the two calculation andpayment coefficients, and finally determines the reasonable calculation and paymentcoefficient of personal account of endowment insurance of urban and rural residents.Chapter V draws a conclusion through the above analysis and puts forward thecorresponding policy recommendations.