Abstract
“Time Bank”, as the most representative form of mutual support for the aged, is still in the early stage in China. From the perspective of commercial banks, this paper explores how time currency operates and analyzes the real dilemma of “Time Bank” from four main factors including time account, time currency, time deposit receipt, free deposit and withdrawal, thus providing effective reference for “Time Bank” to obtain credibility and expand coverage in order to form a far-reaching pension mode finally.
Highlights
Mutual pension mode is a new type of pension mode which refers to a new type of pension mode that achieves mutual benefit for the elderly group through mutual support and spiritual comfort between the elderly groups and other groups
Mutual support for the aged can avoid many drawbacks of the traditional endowment pattern, the most important one of which is to encourage them to play their roles in the daily life, and their spiritual needs and material needs all can be meet by mutual assistance, and it emphasizes that the elderly are consumers, and participants
Lack of Relevant Laws and Regulations the mode of mutual support for the aged has been widely recognized from the perspective of system design and has been practiced and popularized in many regions of China, there is still no clear standard for mutual support for the aged as well as no clear legal provisions to protect the life safety and property safety of the elderly due to differences in local region with various economy level, culture and resources
Summary
Mutual pension mode is a new type of pension mode which refers to a new type of pension mode that achieves mutual benefit for the elderly group through mutual support and spiritual comfort between the elderly groups and other groups. The elderly are not consumers in the mutual support mode, and mutual support for the aged can make the elderly to participate in social affairs more, especially that the healthy young elderly can play their role well in the mode. Mutual support for the aged can avoid many drawbacks of the traditional endowment pattern, the most important one of which is to encourage them to play their roles in the daily life, and their spiritual needs and material needs all can be meet by mutual assistance, and it emphasizes that the elderly are consumers, and participants. As far as the health problems and medical needs of the elderly are concerned, the mode cannot directly provide professional help, but still ask professional medical institutions for help if the elderly have health problems
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