Abstract
On the basis of “the guidance on Implementation of the new type of rural social endowment insurance”, the paper uses the statistic about financial and population from 2009 to 2014 to analyze the new social endowment share of financial security by central and local government, and the proportion in that year. Result shows that central and local government can afford the demand of new rural social endowment insurance. China is able to support the new rural social endowment insurance.
Highlights
Open AccessEndowment security is the most important part of the social security
Establishing and improving rural social endowment institution play an important role in rural social security system
In order to establish the institution of new rural endowment insurance, “the guidance” instructs the central and local governments to invest more in subsidizing the entry payment as well as the pension repayment
Summary
Endowment security is the most important part of the social security. Establishing and improving rural social endowment institution play an important role in rural social security system. Government subsidy is a significant part in the new rural endowment insurance foundation. B. Deng 676 shows that the country should take economic responsibility on construction of rural social endowment insurance institution. It’s meaningful to accelerate contribution of the new rural endowment insurance and realizing full coverage of whole country for establishing the system. It demands that the financial government expands its input to cover this objective. The paper measured the financial burden of the new rural endowment insurance between 2009 and 2014. The following will evaluate availability of finance on the new rural endowment insurance by the central and local government
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