Research On The Development Of Individual Pension Accounts

With the aging of China’s population becoming more and more severe,we will face a huge population aging challenge for a long time,at the same time,the phenomenon of "not rich first,not ready to get old" is also more obvious,basic pension insurance is difficult to meet the pension needs of the retired population,therefore,China’s demand for the third pillar of personal pension is getting higher and higher.In recent years,the development of the third pillar is gradually adjusted from the "product system" to the "account system",the issuance of the "Opinions on Promoting the Development of Individual Pensions" determines the form of individual pension development,the opinion is an important reform measure in the construction of China’s multi-level pension security system,filling the institutional gap in this field,providing policy guidance for the extensive participation of the financial industry across the country.One of the highlights of the design of the individual pension system is the adoption of the "personal account" system.This paper first introduces the relevant basic concepts and development status of the third pillar and the individual pension account system,reviews the development of individual pensions,and analyzes the experience of the United States,the United Kingdom,Canada and other typical countries in developing the third pillar account system,combined with the current situation in China,summarizes the enlightenment for China to promote the development of the individual pension account system.Then,starting from the feasibility and necessity of developing the individual pension account system,the practical significance of promoting the individual pension account system in China is obtained,and at the same time,the problems existing in the development of the individual pension account system in China are discussed and summarized,and the problem of insufficient replacement rate is pointed out,and then the replacement rate of individual pension of different age groups is analyzed,and the influencing factors of individual pension replacement rate are measured and analyzed from the three perspectives of contribution rate,investment rate of return and delayed retirement.By exploring specific target replacement rates,the appropriate range of pension contribution rates and investment returns is studied.Finally,the research results of this paper are summarized,the policy suggestions for the development of individual pension accounts are put forward,and the full text is summarized and summarized.