A Study On The Appropriate Contribution Rate Of Basic Pension Insurance For Urban Workers In Liaoning Province

After the convening of the 18 th National Congress of the Communist Party of China,in the macro background of China's economic development entering a new normal.In order to adapt to this new normal,the Central Economic Work Conference put forward the "structural reform of supply side" in 2015,and the important aspect of the supply side reform in the field of social insurance is to reduce the premium rate.Social security is an important part of the national economy.An important aspect of supply-side reform in the field of social security is to reverse a series of institutional reforms by lowering the rate.The contribution rate of basic old-age insurance in Guangdong and Zhejiang provinces is only 14%,and that in Beijing,Tianjin,Sichuan and other places is only 19%,while Liaoning Province has always been 20%,ranking first in the country.In the institutional reform of the State Council in 2018,the reform plan of the national and local tax collection and management system abolished the double collection system.But it increases the burden of enterprises and is not conducive to the prosperity and stability of the economic environment,so it is urgent to reduce the rate.Based on the actual situation of Liaoning Province,this paper analyzes the status quo and problems of Liaoning Province system,and analyzes the urgency of reducing the contribution rate of urban workers' basic endowment insurance.This paper calculates the upper and lower limits of the substitution rate of basic endowment insurance for employees of enterprises,Compared with the current system,and combined with previous scholars' research results,this paper provides theoretical policy suggestions for Liaoning Province's fee reduction route.The basic old-age insurance contribution rate in Liaoning Province has been high,and fallen into the predicament of high payment and low system income.In 2018,the State Council decided to establish a central adjustment system for the basic pension insurance fund for employees of enterprises,which is conducive to balancing the gap between the income and expenditure of the pension insurance funds,providing an opportunity for Liaoning Province to reduce the rate of premiums.The average of the basic pension insurance contribution rate measured from the perspective of labor equity and survival equity is also in line with the 16% guidance rate proposed in the 2019 government work report,and combined with the financial endowment of Liaoning basic pension insurance.The actual situation proposes supporting policies to provide policy protection for the space for cost reduction.The shortcoming of this paper is that it does not analyze the impact of Liaoning Province's basic pension insurance rate reduction on the fund balance of other provinces and the national coordination process under the central adjustment fund system.