Research On The Problems And Countermeasures In The Pilot Program Of The Third Pillar Pension Security Policy

Since the end of 2000,the proportion of people over 65 in the total population in my country has reached 7%,marking that my country has officially entered an aging society.According to relevant predictions,during the "14th Five-Year Plan" period,the elderly population in China will exceed 300 million,and it will step from mild aging to moderate aging.China is undergoing a drastic demographic transformation,a series of problems such as the weakening of the demographic dividend and the accelerating rate of population aging,and the pressure on pension insurance is unprecedentedly huge.However,the development trend of population aging is irreversible,so it is an urgent and important task for China to explore and perfect a more reasonable old-age security system.At present,the development institutions of the "three pillars" old-age security policy are unbalanced.The first pillar,the basic old-age insurance,is the dominant one,but its yield is low and pressure is high,its sustainability is poor,and many people,including irregular workers,are not fully covered.The second pillar is only for a small number of high income and stable unit workers,coverage is relatively narrow;Relying on the first and second pillars alone is difficult to solve the pension problem for all citizens.In this context,the third pillar old-age security policy,personal tax deferred commercial old-age insurance pilot,is an inclusive old-age security policy for all citizens.The third pillar of old-age security is a "government,according to the relevant laws and regulations by the fiscal and taxation to encourage support and guide the population of all economic activity,for the purpose of individual endowment,individual voluntary and dominate the oic increase pension system",this article explores the third pillar of old-age security policy is the personal tax deferred model of commercial endowment insurance.Since 2007,Tianjin,Shanghai and other local governments began a personal tax deferred endowment insurance research.Until April2,2018,Ministry of Finance,such as Banking Regulatory Commission five departments jointly issued "About to carry out the personal tax deferred model of commercial endowment insurance pilot notice"(Finance and Tax[2018] No.22),confirming that since May 1,2018,Pilot projects for deferred commercial pension insurance for individuals were carried out in Shanghai,Fujian Province(including Xiamen city)and Suzhou Industrial Park,and the implementation of deferred commercial pension insurance for individuals was clarified.The policy aims to use tax incentives to encourage the development of the third pillar individual pension insurance,while further promoting the construction of China’s multi-pillar pension insurance system,which is also clearly proposed by the third pillar in the Chinese sense.Therefore,this paper takes The pilot city of Shanghai as an example to study the problems and countermeasures of the third pillar old-age security policy pilot.First of all,through literature research,relevant theories that will serve as the guiding significance of this paper are integrated and summarized.Then,according to the development status of Chinese old-age security policy,the historical development of Chinese three-pillar old-age security policy and the current implementation of the third pillar old-age security policy are summarized and described.Secondly,through the questionnaire survey method,statistical analysis method,the method of depth interview of Shanghai residents of empirical research,from the residents of the individual level,economic level and policy level,research and analysis of the third pillar old-age security policy ginseng protect the factors influencing the intention and willingness of ginseng,analysis the pilot policies under the third pillar of old-age security in Shanghai is complementary,Provide data conclusions from grassroots practice to support the further adjustment and improvement of the implementation of the third pillar old-age security policy.Finally,according to the research results and conclusions,it is concluded that the replacement rate of the third pillar pension policy itself is not ideal,residents’ awareness and participation are generally not high,and the product structure is single.According to these problems,this paper will also discuss the corresponding solutions,that is,optimize the policy tax structure,improve the policy incentive supporting mechanism,strengthen the policy product publicity and talent training.This paper attempts to provide practical support from China for the multi-pillar theory of old-age security,enrich and consolidate the multi-pillar theoretical system of old-age security in China,and provide innovative theoretical basis for further promoting the healthy development of the third pillar old-age security policy in the future and giving full play to its supplementary role for the elderly.