Research On Financing Mechanisms Optimize Of Rural Residents Insurance Of China

China has entered the aging society since 1999.there are more than 143 million people beyond the age of 65 till 2015,occupied 10.5 % of the total population in China.As the professor says,the number of aged people will get to the top of 400 million in 2035.In order to protect the basic livelihood security of retired people,we has been executed the new old-age pension system for rural residents and the old-age pension system for non-working urban residents successively.We had incorporated these two systems in 2014 because of it's significance of implementation and design patterns of pension benefits which we called basic pension systems for rural residents and non-working urban residents.There are only fewer billions of working-age people out of work,lead to the rural residents be the main part of the Participants.How to handle the rural-residents pension problem is the main work for the Government departments.This paper is based on the public product theory and welfare economics theory of the social security thought of financing mechanisms optimize of rural residents insurance of China,as the data reflected,the security level of rural residents insurance can not match the demand of peasantry life after they retired.And it can be considered that there has space for improvement in the current implementation of the rural residents insurance financing mechanism.Subsidy program design,loss of collective subsidies,insufficient of personal financing capacity,uneven distribution of government finance at all levels are the main point of financing mechanisms optimize did not operate very well.We could learn from the other advanced country to improve it.Rural-residents basis pension system is the important part of national social indemnification system.The healthy and long-term operation of financing mechanism is the fundamental premise of the system.The effective guarantee of rural-residents basic pension system not only can improve people's life,enhance the social security,but also a priority way to resolve social problems.Only by perfecting the fund-raising mechanism can the system be implemented and rural residents can live a worry-free life in their old age.