The Calculation Of Transition Cost Of Basic Pension Insurance For Urban Workers In China

The State Council issued a decision about establishing a uniform basic old-age insurance system for enterprise employees in 1997,it marks that China has established a hybrid old-age insurance system which takes the combination of social mutual assistance programs and personal accounts as the core.But because,in practice,policy executors acquiesced individual account can be overdrew to the funds of social mutual assistance program in pay-as-you-go society,the funds of individual account runempty,only left a nominal account system.Thenit established "TongZhang combination" system mode after more than ten years of transforming,because there has been no clear payment arrangement for the transition cost,the implicit pension debt turn to innovated and rigid,and form the problem of “empty account”,pension gap also continuously enlarge,it will enlarge the financial risk to the payment of pension in future.Aiming at the questions that currenttransition cost of endowment insurance how to be resolved by the endowment insurance system and personal old-age pension accounts how to be filled,from the perspective of actuarial science,analyze the influence factors and the source of the transition cost comprehensively,reference the country document,according to the previous research results,set up "old man","go-between" actuarial model respectively using the theory of life annuities,measuringthe scale of the transition cost of primary endowment insurance of urban residents in our country,and make sensitive analysis to the influence factors of the transition cost,then I found that return on investment is one of the most key factors.And some specific suggestionsis to resolve the basic endowment insurance of town worker in our country is given according to the calculated result.