The Research On The Overall Plan Of China's Basic Pension

At present,China is facing a period of rapid development of aging population.Its growth rate is higher than the world average level.In the next 10 years,China will meet the peak of the aging population.With the emergence of the aging problem of the social population,the burden of pension for all walks of life is also aggravating.This also poses new challenges to China's pension development and social security system.China's endowment insurance system has been established for nearly 70 years.After a long time of exploration and experience accumulation,China has established a pension system with " social collection and personal account model",that is,the combination of pay-as-you-go social plan and fully accumulated personal account.The basic pension,as the social pooling part,is an important foundation of the pension in our country.With the continuous development of the aging society,the deficiency of this system is exposed increasingly.In China's pension system,the overall planning level is mainly concentrated at the provincial level,which is responsible for the fundraising,payment,operation and supervision of the pension in the province.The provincial government's finance department provides financial support for the pension gap.However,due to the imbalance between regional economic development,population structure and local government financial resources,some local governments are hard to pay for the gradual increase of pension expenditure under their historical debt burden.Therefore,pension has shown the polarization between the pension surplus area and the gap area in terms of income and expenditure,resulting in regional differences in social pension insurance,which violates the starting point of the social security system based on the principle of fairness.Because of the selfish tendency is difficult to regulate the funds gap,insufficient funds of the provinces can only rely on the central government subsidies to ensure the timely payment of pensions,this is not only the rational use of resources,resulting in the loss of efficiency,but also caused the central financial pressure,which a serious threat to the sustainable development of the endowment insurance system in china.In order to ensure that the basic old-age insurance fund has solvency,we need to further improve the social pension insurance system in China.To improve the overall level of pension,to achieve national co-ordination,not only can effectively promote the funds in the area between the dispensing flow,achieve the optimum allocation of resources,but also can establish a sustainable pension system,promote social fairness and justice,improve the level of social welfare,and share the fruits of social reform and development,which is of great significance.However,as the reform of the endowment insurance system is involved in a wide range of aspects,the practical interests of all aspects are also touched.There are still many difficulties at the specific level of implementation.The most prominent is the mutual game between the central government and the local government,and the division of the power between the two parties.Based on this,this article on the basis of the related theory and method to standardize the analysis,from the current situation analysis,impact analysis and discusses the reasons of national overall reform necessity;then,based on empirical analysis method,establish panel data model,regression analysis of interval difference the economic variables of pension income the analysis and planning at the provincial level and the overall welfare changes through prediction;finally,analysis of China's national overall favorable conditions and challenges,in the design arrangement of current path in line with the policy suggestions and practical situation of our country the national basic pension co-ordination.