The Application Research of Nominal Accounts on the New Agriculture Insurance Based on the All-Inclusive Society Mode

DOI

10.2991/gecss-14.2014.6How to use a DOI?

Keywords

all-inclusive society mode, pension substitution rate, notional defined contribution model

Abstract

The social security of China is going forward to all-inclusive society mode, establishing a pension system compound with social account and personal account. But the "one-size-fits-all" safeguard way which create the fair but lost the efficiency. Especially in new agriculture insurance, there is a gap between pension replacement rate and actual demand. The article forecast the relationship through pension substitution rate of individual account with fund accumulation quantity, in addition with actuarial in pension standard to obtain the result of pay-as-you-go or full-funded system at present. Then the article draw into the concept of notional defined contribution model. At last through the analysis with other country which using the notional defined contribution model, which can get result that the notional defined contribution model has more advantage for China.

Copyright

© 2014, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Xiaowen Gong
AU  - Xinde Chen
PY  - 2014/01
DA  - 2014/01
TI  - The Application Research of Nominal Accounts on the New Agriculture Insurance Based on the All-Inclusive Society Mode
BT  - Proceedings of the 2014 International Conference on Global Economy, Commerce and Service Science
PB  - Atlantis Press
SP  - 22
EP  - 25
SN  - 1951-6851
UR  - https://doi.org/10.2991/gecss-14.2014.6
DO  - 10.2991/gecss-14.2014.6
ID  - Gong2014/01
ER  -