Research On The Financial Burden Of Basic Endowment Insurance For Urban And Rural Residents In Shanxi Province

The report of the Nineteenth National Congress of the Communist Party of China stated: "It is necessary to establish an endowment insurance system covering both urban and rural residents and improve welfare." The smooth implementation of a policy requires government guidance.Urban and rural residents’ basic endowment insurance is an important guarantee for the elder’s life in urban and rural residents,and its establishment and development are inseparable from financial support.In June 2014,in response to the state’s deployment in protecting people’s livelihoods,Shanxi Province established a unified urban and rural residents’ basic old-age insurance system based on actual conditions throughout the province.There are difference in the economic development status and enrollment status of various regions in Shanxi Province.Can Shanxi Province ’s finances increase the basic pension and personal account pension subsidy standards,and whether the pension standards can meet the needs of residents and bring local finances in the current? We need to conduct deeply research.This article takes the financial burden of endowment insurance for urban and rural residents in Shanxi Province as the research object,introducing the research background and significance around this topic,collecting and summarizing the relevant research content of scholars at home and abroad on social insurance financial responsibility.Defining relevant concepts and related theories,It provides theoretical support for the frame construction and writing of the article.Analyze the financial expenditure of urban and rural residents’ endowment insurance at the provincial,city,and county levels respectively,finding that the current subsidy policy has not fully fulfilled the government’s responsibility.The financial burden at the county and city levels is higher than the provincial financial burden.Establishing a model to analyze the rationality of financial burden at all levels in Shanxi Province,and thinking that the current provincial fiscal expenditure is in a reasonable range between 2.8% and 6.8%.The current provincial fiscal expenditure is insufficient and the provincial finances have the ability to increase basic pensions.Then use clusteranalysis to measure the current level of moderate treatment in each region,the results show that the reasonable range of fiscal expenditure in the first region is 0.81%-1.72%,the reasonable range of fiscal expenditure in the second region is 0.91%-1.93%,and the reasonable range of fiscal expenditure in the third region is 1.22%-2.58%,the reasonable range of fiscal expenditure in the four regions is 1.86%-3.94%,the reasonable range of fiscal expenditure in the five regions is 2.96%-6.22%.All in all,the actual level is lower than the reasonable range.How to make the treatment level reach a reasonable range.By designing three plans to predict the changes in treatment levels and financial burdens at the provincial and various regions in 2019-2029,it is found that with the economic development,while the level of benefits increases,the financial burden will stabilize.According to the adjustment method of the second plan,it is estimated that by 2026,the basic pension of urban and rural residents’ endowment insurance in Shanxi Province will reach a moderate level,and the five types of regions will respectively contribute to 0.45%,1.53%,1.63%,3.16% and 6.2% of revenue,the goal of "basic guarantee" can be achieved.In order to achieve sustainable development of fiscal expenditures at all levels,suggesting short-term and long-term proposals separately.In the short-term,it is necessary to clarify the responsibilities of governments at all levels and adjust the matching of financial power and power.Promoting the introduction of supporting measures and refine the subsidy standards.Exerting plenty the main role of provincial governments and establishing a scientific adjustment mechanism for basic pensions.In the long-term,the goveronment needs to pay attention to backward areas and increase the level of provincial financial support.Narrowing the gap with developed regions and gradually realize city-level coordination.Deepening the reform of subsidy policies and increase the level of payment.It is hoped that the financial burden of endowment insurance for urban and rural residents in Shanxi Province can be optimized to provide a useful reference for Shanxi Province to formulate differentiated subsidy policies.