The Influence Of Delaying Retirement Age To Pension Payments

With the continued decline in the birth rate,the population is expected to significantly extend the life expectancy,the aging population has become increasingly serious.The aging population and increased life expectancy means the workers to raise more o ld people and pay more endowment insurance.This means that in the future for quite a long time,the government's financial support in the pension insurance account will face enormous financial pressure.In recent years,the pension income gap is becoming more and more prominent,and there is a rising trend,which is our current retirement policy are closely related,therefore,in the premise of social welfare rigidity,delay retirement as an important breakthrough to alleviate the financial pressure,narrowing the gap of pension,the reform is urgently needed.In this paper,based on the academic field of finance,we will discuss the effect of the change of the retirement age on the pension fund raising and expenditure,and the effect on alleviating the gap of pension income and expenditure.It provides a reliable theoretical basis for the formal introduction of the delayed retirement policy in 2017 and provides an effective entry point for the current pension reform.In addition,this paper also summarizes the delay retirement policy and programme of progressive feasibility analysis delay retirement system and flexible retirement system,in order to enrich the existing relevant delay retirement related research,provide a theoretical guarantee for the healthy operation of China's pension system.The article is a theoretical analysis to empirical analysis to the theoretical summary of the research ideas,through a wide range of domestic and foreign literature,thus establishing the research theory and researc h ideas.First of all based on the increase in the aging population and the average life expectancy of the background,status quo of retirement age policy and the existing problems are summarized.The current retirement age policy and the existing problems are summarized and deduced its practical significance to the necessity of the implementation of the policy to delay retirement.Secondly,this paper analyzes the current situation,development trend and reform direction of the gap of the pension fund in china.Third,the establishment of the model of calculating the age and the calculation model of pension collection and payment,and the selection of the model and the assumptions and methods of operation.Finally,according to the results of the model data,the paper analyzes the effect of the delayed retirement policy on the gap of pension income and expenditure,and puts forward the corresponding policy recommendations based on the international experience and lessons.According to the theoretical and empirical results,we can draw the conclusion that the delay of the statutory retirement age has a significant effect on reducing the gap of pension income and expenditure.The government should integrate the specific data in the views of all parties and by the actuarial,international experience,the introduction of the policy as soon as possible to delay the retirement age,the pension payments and the whole society to achieve stable and reasonable and stable development.