Proceedings of the 2016 International Conference on Education, Sports, Arts and Management Engineering

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Research on Models of Individual Accounts in Pension Insurance

Authors
Zimin Chen, Zhuyin Liang, Ailin Qian, Guozhong He
Corresponding Author
Zimin Chen
Available Online March 2016.
DOI
10.2991/icesame-16.2016.234How to use a DOI?
Keywords
pension insurance; individual accounts; Non-financial Defined Contribution (NDC).
Abstract

Objective: To conduct a Comparative Analysis of three models of individual pension accounts from the perspective of management, efficiency, security level and other aspects. Methods: Matlab modeling is employed for empirical quantitative analysis of insurance fund operation the three different models. Results: (1) In terms of total value of pension, replacement rate and other indicators, the security level of NDC FDC>real accounts; (2) In terms of longitudinal connotative rate of return, NDC>FDC>real accounts; (3) compared with the Real Account, NDC has the managerial advantages: promote the escalation of social pooling level , inspire employees' enthusiasm for contributions and extension of payment periods to achieve delayed retirement, eliminate investment bottlenecks, and ease the financial pressure for current payment. Conclusion: (1) different models of individual accounts will not change the contributor's rights and interests. (2) From the perspective of security level, management, efficiency, and China's actual situation of individual accounts, the hybrid SP& IPA system based on NDC funding model is a rational choice suitable for China's pension reform.

Copyright
© 2016, 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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Volume Title
Proceedings of the 2016 International Conference on Education, Sports, Arts and Management Engineering
Series
Advances in Social Science, Education and Humanities Research
Publication Date
March 2016
ISBN
978-94-6252-167-4
ISSN
2352-5398
DOI
10.2991/icesame-16.2016.234How to use a DOI?
Copyright
© 2016, 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/).

Cite this article

risenwbib
TY  - CONF
AU  - Zimin Chen
AU  - Zhuyin Liang
AU  - Ailin Qian
AU  - Guozhong He
PY  - 2016/03
DA  - 2016/03
TI  - Research on Models of Individual Accounts in Pension Insurance
BT  - Proceedings of the 2016 International Conference on Education, Sports, Arts and Management Engineering
PB  - Atlantis Press
SP  - 1082
EP  - 1088
SN  - 2352-5398
UR  - https://doi.org/10.2991/icesame-16.2016.234
DO  - 10.2991/icesame-16.2016.234
ID  - Chen2016/03
ER  -