Economics Of Chinese Pension System Under "Old Before Getting Rich" Background

The retirement pension system is the top priority policy of social security, agood operate retirement pension system is not only relate to the whole citizen’squality of life and blessed in our country, the most important point is to be aneconomy system, the role of itself has an effect to the economy operate.First, The beginning of this paper is depend on the theory of retirement pensionsystem, through diamond generation substituting model to corroborate whether theretirement pension system will have impact to the whole economy operation or not.Second, through the establishment and development of the retirement pension system,as well as the foot point of improving retirement pension system in some of the majorcountries. Comparing the operation and development of different periods anddifferent retirement pension system, and then we can summarize some successfulexperience of reform the retirement pension system.And the last view point is, considering the construction and history of theevolution of our retirement pension system and the reality of the situation, ourcountry is a populous country, since the family planning policy in1950s, thepopulation structure has undergone significant changes in nowadays. The negativeimpact of population aging on the retirement pension system is gradually, the mostcritical point is to increase the government financial burden. However, our countryhas unique economic characteristics of that "old before getting rich." Although theconsiderable economic output with the huge size of the population, it’s cause ourcountry’s per capita disposable income is still in the low level. Thus, it is necessary toreform the retirement pension system. Therefore, referring the successful experience of reform in foreign countries, we have to consider the weaknesses of our own, andchoose a correct way of our own development. One of thesediscusions on this paper is, it is not such important to the issue of pension rights,but well-run pension system needs to depend on the government law. Therefore, thereform of the pension system is bound to improve the relevant legal provisions, toproviding enough support and specifications to operate the pension system. Finally,with the improvement of people’s living standards, the humanism is gradually. Ourcountry is a socialist country, the most important thing is people blessed. The pensionsystem in a modern sense is not included in the financial support for the basic needsof the elderly, including the elderly spiritual solace in later life. Therefore, thedevelopment of a variety of pension model is an inevitable trend.