Study On The Level Of Pension Insurance For Urban And Rural Residents In F City

Against the background of China's aging population and urban integration process,<Guiding opinions on the development of a new type of rural social endowment insurance>in 2009 and <Guiding opinions on carrying out the trial of social endowment insurance for urban residents> were issued by the State Council.In accordance with requirements on integrating the pension insurance system for urban and rural resident,the state council issued<Opinions on establishing a unified basic endowment insurance system for urban and rural residents>,which broke through the urban-rural dual structure and establishing a unified old-age insurance system for urban and rural residents.It has been four years since F city has established a pension insurance system for urban and rural residents and the low treatment level is confronted ever since.Apparently,the level of treatment of urban and rural residents directly affects the quality of life of the elderly.Therefore,analyzing the treatment level,concluding the influence factors and giving suggestions on how to improve the treatment level are of great significance to recommend the sustainable development of urban and rural residents' endowment insurance system.Firstly,this article is mainly based on the real situations in F city,and document analysis,comparative study as well as quantitative analysis are applied here to collect and analyze the fund income and expenditure ?participation in insurance and payment in F city.Secondly,in comparison with the treatment level in other cities,the minimum living standard,and basic endowment insurance for the urban working group,the current treatment level here and the influencing factors are put forward.Thirdly,calculating model is set up to get the substitution rate,which isin positive correlation with payment grade and payment period.However,even under the circumstance of the highest payment level and the longest payment period,the substitution rate in still quite low.Finally,considering the actual situation in F city,optimizations are put forward to raise the treatment level,such as enhancing higher payment level,increasing financial subsidies to enrich personal account,developing macroscopic control,adjusting basic pension according to economic development,as well as strengthen fund management to add fund value,promoting sustainable development of old-age insurance for urban and rural residents.