Research On Pension Insurance In Shandong Province Under The Background Of Population Aging

As the fertility level continue to decline, the population average life expectancy growing and the pace of the countries in the world’s population in age is raising rapidly, with the disappearance of the "demographic dividend" and the reduction of the economic and social development. Following the arrival of aging, more and more countries are faced with the crisis of insufficiency of their pension, the traditional family pension model is gradually withdraw from the scenes and the country’s financial burden is increasing. Aging of population is developing in the global, countries are inevitably affected, in order to assure the social stability and harmony, the sustainable development of the economy, we must respond to aging actively, to protect the sustainable development of the pension.Shandong Province has been the case of aging in 1994 years. According to the Shandong Province Statistical Bureau statistics, by the end of 2014, Shandong Province has become the most populous provinces in the total number of China’s elderly population, the older population aged 60 and above has nearly 18 million, accounting for the proportion of total population of Shandong Province is 18%, to the end of 2020 is expected there will be about 22.08 million people, the proportion is 22%. In 2021, Shandong Province will enter the accelerated aging stage of development, until 2035, there will be 3218 million elderly population, the proportion will be 33% of the total population, also means that in three people will have one elderly; This number will continue to increase until 2050, there will be 34 million 820 thousand of the elderly, the proportion is 39% of the total population.In the background of the aging of population is more and more serious. In this paper, we will use theoretical analysis and empirical analysis, to analysis the actual situation of Shandong Province in aging, and the impact of the production of the basic endowment insurance system in Shandong Province. The study found that the aging of population makes the supply of pension reduction, and pension spending increased, the pension system has a higher demand, resulting in the reform of the pension system is imperative. Based on the impact of the aging population on the expenditure of the old age insurance in Shandong Province, the pension expenditure is found to increase with the increasing of the aging population. Finally, according to the problems existing in the reality of endowment insurance system in Shandong Province, on the basis of theoretical analysis and empirical analysis, drawing on the practical experience of some developed countries, according to the actual situation in Shandong Province, put forward some relevant countermeasures and suggestions: Increase the input of the government sector, so that the level of pensi on payments to be improved; Innovative investment development model, so that the investment channels to be moderately widened; The establishment of social resources and national resources complement each other endowment insurance service system; To improve the social assistance system, which is closely related to the elderly, to solve the problems related to the poverty of the elderly; Improve the current institutional mechanisms to protect the establishment of the modern old-age insurance system, and so on.