The Research Of Urban And Rural Residents’ Endowment Insurance Based On Financial Burden

A good social security system is an important means to improve people’s welfare level and an important part of improving people’s livelihood.Chinese social endowment insurance system has its particularity.On one hand,there are a variety of Chinese social endowment insurance systems,especially caused by dual structure in urban and rural areas and other factors.Their difference among different pension insurance benefits is too large;on the other hand,Chinese population is too large.With the aging population gradually increased,a heavy burden is brought to the government the social security expenditure.Urban and rural residents’ pension insurance in China is mainly for non-fixed income residents in urban and rural areas.Its predecessor was the new rural endowment insurance system implemented in 2009 and the urban residents’ insurance system implemented in 2011.Because of the two system models,funding sources and the responsibility of the government were almost the same.So they were officially merged in 2014.It is necessary to strengthen the government’s responsibility for the social endowment insurance in order to establish and perfect the urban and rural endowment insurance system.Farmers and urban residents who don’t have a regular fixed income are vulnerable groups,but they have made contribution to the development and construction of the country.Therefore,the government must take responsibility of financial security,legislation,operation and relevant supervision.The government should become the old-age security for the vulnerable groups,and promote the development of Chinese urban and rural residents’ pension insurance.Starting from the financial point of view,this paper takes the public goods,public finance and urban and rural integration as the theoretical basis.It chooses the urban and rural residents’ pension insurance as the object to analyze.Compared with the current urban and rural pension insurance,government finance was lack of investment in the past,leading the final fund operating down with pension fund operation problems.Summarized the lessons of the past,with the development of urban and rural residents’ pension insurance,governmentfinance continue to increase financial subsidies.So the urban and rural pension insurance fund get the healthy operation,but fiscal burden of the government is also increasing.If the financial burden exceeds the financial capacity,it will not only bring the risks of public finance,but also affect the healthy development of the national economy.At present,there is no gap between urban and rural endowment insurance funds,but also a lot of fund balances every year.Chiefly because the government can guarantee the financial subsidies for urban and rural residents pension insurance,but the pension insurance subsidies have become rigid financial expenditure.If financial subsidies can’t be guaranteed in time,there will be a series of serious consequences,such as the pension fund deficit.On the basis of combing and analyzing the current pension system and financial burden of urban and rural residents,this paper analyzes and calculates the central financial burden and the local financial burden.The calculation model takes into account of the aging population factors and different treatments,and it carries out the design of different levels of treatment.At last it evaluates the rationality and sustainability of the government’s financial burden.At the same time,according to the financial burden level and the ratio of the future government revenue forecast,we calculate the financial burden rate to understand the financial pressure of the governments at all levels.Overall,the central government and most provinces of local fiscal expenditure on rural pension insurance is in the affordable range.According to the current subsidy standard,urban and rural pension insurance subsidies accounted for the proportion of fiscal revenue decreased in the future.The pension treatment level has some rooms for further improvement.However,with the growth rate of basic old-age insurance subsidies in recent years,the financial burden of urban and rural residents’ pension insurance will gradually increase,which will increase the pressure on the financial expenditure.In addition,in accordance with the current subsidy standards for urban and rural residents’ pension,some provinces and cities exist the excess pressure and need to adjust the structure of fiscal expenditure,raising the level of co-ordination and other means to carry out reforms.Through the above analysis we can see that financial burden of urban and rural residents’ pension insurance carry on the healthy and sustainable development.It is not only to improvethe pension insurance system,but also to clarify the various levels of government pension insurance for urban and rural residents’ expenditure responsibilities.The central government should play a dominant position in the financial expenditure.At the same time,we should appropriately increase the financial input at all levels of government and raise the standard of pensions to ensure the basic living standards of the elderly population in urban and rural areas.