A Study On The Balance Of Income And Expenditure Of Basic Old-age Insurance Funds For Urban Employees In Henan Province

Henan Province,the aging population situation intensified,followed by the elderly population support issues have become increasingly prominent.It is becoming more and more important to guarantee the basic old-age insurance system for the post-retirement living standard.Specifically,although the income of the basic old-age insurance fund of urban workers in Henan Province is rising,the growth rate is slowing down and the fund’s expenditure level is rising.The sustainability of the basic old-age insurance fund of urban workers is challenged.Henan Province belongs to the middle agricultural province,which plays an important role in the whole country.It is of great significance to analyze the balance of income of the basic old-age insurance fund of the urban workers in Henan Province in order to maintain the sustainable operation of the fund.According to the income,expenditure and balance of the basic old-age insurance fund of urban workers in Henan Province,the income of the basic old-age insurance fund of urban workers in Henan Province is more than the expenditure,and the balance is paid every year.The trend of the balance in the year 2006 to 2015 is basically the first increase in the trend of decline after the year 2015 balance of 6.660 billion yuan,the cumulative balance of 99.75 billion yuan.After analyzing the factors influencing the balance of income and expenditure of the fund,the calculation of income and expenditure gap and the sustainability of the fund,the paper analyzes and summarizes the relevant factors that affect the balance of the basic pension insurance fund of the urban workers.For the article to provide a certain basis for parameter settings.Through the parameter setting,the data from 2006 to 2015 are used to analyze and forecast the income,expenditure and balance of the fund for the five years from 2016 to 2020.The gray system theory is used to predict the GM(1,1)model in the DPS data processing system,and the average salary of the society is analyzed and predicted by using the spss software.Payment rate,replacement rate and yield according to the current policy,other scholars of the conclusions of the qualitative assumptions.Finally,the income,expenditure and balance of the basic old-age insurance fund of urban workers in Henan Province in the five years from 2016 to 2020 are calculated by the relevant formula.The results show that if you do not consider the cumulative balance of the base funds and government subsidies,only consider the target range of fund collection and expenditure situation,the Fund is in a state of exhaustion,each year nearly 100 billion gap.Taking into account the reality,by 2015 the cumulative balance of the fund reached 99.75 billion yuan.Considering such a large cumulative balance,when the fund yield of 3% and no government subsidies,by the end of 2020 the fund’s accumulated balance of 57.852 billion yuan,five years reduced by more than 400 billion.When the fund yield is 9%,the accumulated balance of the fund will reach RMB 89.227 billion by the end of 2020.The visible rate of return is essential to ensure the balance of the Fund’s balance of payments and to promote the sustainable operation of the Fund.Combined with the forecast situation,summed up the basic pension fund in Henan Province,the existence of income and expenditure problems,such as fund yields and replacement rate is too low,the fund payment rate is too high and so on.According to the existing problems,and put forward some targeted measures,such as continue to expand the system coverage,improve the basic enterprise pension insurance system level,delay the smooth implementation of retirement policy,improve fund yields,expand fund investment channels,choose professional pension investment Institutions to invest in pensions management,strengthen the fund supervision and other measures.