Why does China's old-age insurance system adopt the mode of combining social pooling with individual accounts?

1. Establishing a personal account for basic old-age insurance is an inherent requirement of the old-age insurance system.

According to the design of the old-age insurance system with unified account, some funds are paid as you go, realizing mutual assistance and intergenerational support; Personal accounts are fully accumulated to realize saving money for the elderly and self-reliance.

If the overall account continues to occupy the personal account fund, it will inevitably continue to run "empty account", and part of it will be made into pay-as-you-go system, which not only violates the original intention of reform, but also weakens the pension function of personal account, and there is a greater risk of "empty account".

2. Establishing a personal account for basic old-age insurance is the need to "save money to prevent old age" and resolve the risk of economic fluctuations.

China is a developing country with insufficient financial resources. Due to family planning and other reasons, the problem of aging is also more serious, and the pressure of pension payment brought about by economic fluctuations is even greater.

The social pooling system that relies solely on the pay-as-you-go system will face greater risks, so we should take precautions and gradually establish personal accounts to form a complete accumulation of individual contributions.

3, the basic old-age insurance personal account is the need to protect the rights and interests of the insured.

It is beneficial to improve the anti-risk ability of the old-age insurance system to do a solid personal account of the basic old-age insurance and increase its value moderately. If the situation of "unified accounts are not divided" is always empty, it is easy to weaken the security function and is not conducive to the formation of the sustainable development mechanism of endowment insurance.

4. It is economically feasible to establish a personal account for basic old-age insurance.

As long as all levels of finance give the necessary support, and then make proper use of the existing surplus funds, it is not a financial problem to make a personal account for basic old-age insurance.

Extended data:

The reform of pension integration-the combination of social pooling and personal account.

1, the State Council issued the "Decision on the Reform of the Pension Insurance System for Staff in Government Offices and Institutions". The "Decision" clarifies that this reform implements a basic old-age insurance system that combines social pooling with individual accounts. The basic old-age insurance premium is shared by units and individuals.

2. The proportion of the unit paying the basic old-age insurance premium (hereinafter referred to as the unit payment) is 20% of the total wages of the unit, and the proportion of the individual paying the basic old-age insurance premium (hereinafter referred to as the individual payment) is 8% of the salary paid by himself, which is withheld and remitted by the unit.

3. Establish a personal account for basic old-age insurance according to the amount of 8% of my salary, all of which are formed by individual contributions. The part where the individual salary exceeds 300% of the average salary of local employees in the previous year is not included in the base of individual contribution salary;

If it is lower than 60% of the average salary of local employees in the previous year, the base of individual payment salary shall be calculated according to 60% of the average salary of local employees.

Baidu Encyclopedia-Do a good job in personal accounts for basic old-age insurance

People's Daily Online-Pension reform: combining social pooling with individual accounts, with 8% for individuals.