Research On The Security Level Of New Rural Endowment Insurance In Liuyang City

China has always been the world’s most populous country,and with 120 million people over 60 years of age in rural areas,it is the country with the largest number of elderly people in the world.The situation of ageing in rural areas is becoming more and more serious,and rural retirement has become an issue of great concern to the state.The new rural social pension insurance is a policy based on this situation,which mainly adopts a combination of social co-ordination and individual accounts to ensure farmers’ basic pension life.This policy has been gradually implemented in rural areas across the country,but there is still the problem of "low standard and low subsidy",and there is a big gap with the enterprise pension insurance,so gradually improving the new rural pension insurance treatment has become a social concern.This paper takes the level of new rural pension insurance coverage in Liuyang City as the research topic,integrates the theoretical foundations required for the study,and investigates the implementation of rural farmers’ pension insurance in Liuyang City to identify the shortcomings of its insurance coverage.On this basis,an empirical analysis of the level of new rural farmers’ pension insurance coverage in Liuyang City is carried out using a regression model to understand the characteristics of new rural farmers’ pension insurance coverage in Liuyang City,so that targeted measures can be taken to optimise new rural farmers’ pension insurance coverage.This paper finds that the participation rate of the new rural farmers’ pension insurance in Liuyang is high,but there are still some problems,such as the low level of protection due to the choice of the "lowest contribution level" and the unbalanced structure of the participants,which is much higher among men than women,which does not match their economic development level.At the same time,a survey on the current situation of the implementation of the new rural farmers’ pension insurance in Liuyang City found that there are still some shortcomings,which are reflected in the imperfection of the relevant laws,the pressure of raising funds,the low level of treatment,the unreasonable connection between the system and the street,and the difficulty of preserving and increasing the value of the fund,which directly affect the improvement of the protection level of the new rural farmers’ pension insurance in Liuyang City.Combined with the empirical analysis in this paper,it is found that the total annual expenditure of farmers’ households has a significant impact on farmers’participation in the new rural pension insurance and the monthly contribution bracket,so the Liuyang municipal government should increase farmers’ willingness to participate and increase the contribution bracket from the perspective of reducing the cost borne by farmers personally.In addition,the significant influence of gender and age on farmers’ participation in the new rural pension insurance and monthly contribution levels in Liuyang City provides a breakthrough point for the current level of new rural pension insurance protection in Liuyang City.Finally,combined with the above analysis,targeted optimisation measures are proposed for the new rural farmers’pension insurance protection in Liuyang,including accelerating the reform of social security tax,improving financing to reduce the cost borne by individuals,financial subsidies to increase the participation rate of women,strengthening the reform of the pension insurance management system,using fund preservation and appreciation to broaden the pension channels,and conducting targeted pension education and propaganda by age groups,in order to improve the new rural farmers’ pension insurance protection level in Liuyang and provide some opinions on the pension problems of rural farmers in Liuyang,as well as providing useful experience for the construction of new rural farmers’ pension insurance in other regions.