Study on Path to Alleviate Fiscal Pressure from Pension Insurance Fund:Background to the Implementation of the National Pooling System Based on Inter-Regional Fund Surplus and Deficit Adjustment  

作　　者：ZENG Yi LU Ying 

机构地区：[1]School of Public Administration,Zhongnan University of Economics and Law,Wuhan 430073,China [2]School of Public Affairs,Zhejang University,Hangzhou 310058,China

出　　处：《Frontiers of Economics in China-Selected Publications from Chinese Universities》2024年第3期312-334,共23页中国高等学校学术文摘·经济学（英文版）

基　　金：supported by the key project of National Natural Science Foundation of China titled"The Influence of National Pooling of Basic Pension Insurance for Urban Employees on Local Governments'Premium Collection Behavior:Mechanism Exploration,Empirical Test and Policy Optimization" (No.72304283);Central universities basic scientific research business funding project titled"The Impact of National Pooling on the Sustainability of Pension Insurance Fund and Policy Optimization:From the Perspective of Local Government Premium Collection Behavior" (No.2722023BY016).

摘　　要：In January 2022,China introduced a national pooling system for pension insurance fund,With the objective of inter-regional fund surplus and deficit adjustment.With the ongoing trend of population aging,can the national pooling and adjustment system operate sustainably?What level of fiscal obligations does it entail?This is related to the long-term stability of pension insurance fund and the whole social security system.This paper employs econometric and actuarial models to assess the sustainability of the national pooling and adjustment system under five scenarios:(1)not introducing any policy interventions;(2)implementing parameter reforms such as expanding pension insurance coverage,progressively extending retirement age,and enhancing collection rates;(3)transferring state-owned capital from central state-owned enterprises to strengthen the social security fund;(4)transitioning the national pooling and adjustment system from turning over current surplus to accumulated surplus;and(5)implementing all parameter reforms,transferring state-owned capital,and turning over accumulated surpluses.The results suggest that a coordinated implementation of reform measures like pension insurance parameter adjustments,reallocation of state-owned capital to enhance social security funds,and leveraging the national pooling and adjustment system for turning over accumulated surplus can ensure the sustainability of the system and significantly alleviatefiscalpressures.

关 键 词：pension insurance national pooling surplus turnover fiscal responsibility 

分 类 号：F842[经济管理—保险]