Applicability Analysis Of Notional Defined Contribution Endowment Insurance System In China

In the early 1950s,our country is on the Implementation of pay-as-you-go pension insurance system,with the current worker pay endowment insurance as a source of endowment insurance fund to pay the current retired worker pension.At that time,China’s population structure is given priority to with young people,so the elderly dependency ratio is still at low levels,so that collects pay endowment insurance premiums paid to the current still exist some remaining.But with the progress of science and technology and the development of society and economy,people’s living standard has a larger increase,combined with our country’s family planning policy,the elderly population proportion of the total population is more and more big,the system’s support rate is rising.Current pay endowment insurance fund is facing increasing pressure,and problem of management and the application,make the payments problem of endowment insurance fund balance increasingly prominent.The cost of Transpose increased with the increase of elderly population proportion is more and more serious.How to solve the problem of China’s basic endowment insurance is imminent.This article from the following several aspects to introducethe system usability problems in our country.First of all,in the theoretical part,through the theoretical analysis expounds the basic definition of nominal account pension;Use of endowment insurance fund discount cash flow method to analysis the internal rate of return and nominal account system under the condition of the influencing factors of pension fund balance of payments;Using two iterative model,under the economic system of individuals,businesses and government,analyses the accounts in the name of the utility of the system;And sums up the advantages and defects of nominal account in our country,theoretical foil for the following analysis well.Secondly,pointed out our country town worker endowment insurance fund,the number of people attend endowment insurance,fund income and expenditure,and the present situation of the gap,and analyze our country is too little,the proportion of people attend endowment insurance management is not strict and elderly population;Then,this paper introduces the application accounts in the name of the Eurasian system comparison of several typical countries,analyzed their features of nominal account system as well as the experience and lessons,in order to analyze the feasibility of China’s nominal account problem;Next inspection in the name of the account by means of actuarial prediction system will bring to our country endowment insurance fund balance of payments situation how the results,this part adopts the method of comparative analysis,in combined with personal accounts pension insurance fund has made the forecast,in the name of account system of predicted points high contribution rate and high replacement rate and low contribution rate and low rate of substitution two situations,finally compares the three sets of data.Finally made a summary for the process analysis,and put forward the corresponding policy recommendations.Finally,the paper draws the conclusion of the following two aspects:1.the experience and lessons of six countries of Europe and Asia,because our country existing multi-layer endowment insurance system;To satisfy the Allen conditions;People have accepted the fact that individual account empty account operation,for our account in the name of application system of endowment insurance provides the basis.2.The name of income and expenses of fund of account system model is established and the model of income and expenses of fund of our country as a whole account individual account,under reasonable assumptions,through parameter estimation,2017-2050 to predict the two systems than the balance of payments situation,concluded that under the condition of high contribution rate and high replacement rate system has a comparative advantage in the name of the account.