On the Determination of the Level of Basic Pension Insurance for Urban and Rural Residents and the Adjustment Program

Abstract

With the increasing aging of the population, the key issue to optimize the basic pension insurance for urban and rural residents is not to bring excessive financial burden while improving the level of treatment level. Starting from three aspects: the dynamic adjustment mechanism of basic pension oriented to meet the needs of survival, the adjustment mechanism of contribution grade, the subsidy mechanism of contribution ratio and the long-term basic pension determination mechanism, this paper designs the optimization scheme of financial subsidy mode, and establishes the actuarial model and the financial moderate burden coefficient model to evaluate the effectiveness and feasibility of the scheme. The calculation results show that the optimization of financial subsidies has significantly improved the ability of urban and rural resident insurance pensions, and the central and local finances have a certain ability to bear the steady increase of basic pensions and contribution subsidies.