Research on the Reform of Basic Pension Insurance System for Urban and Rural Residents from the Perspective of Common Wealth

Abstract

Since 2021, China has entered an important period of solidly promoting the construction of common prosperity. As the basic pension insurance system covering the widest scope and the largest number of people, the basic pension insurance system for urban and rural residents should become an important way to realize common prosperity. It is difficult to play the role of a basic system to promote the common prosperity of urban and rural residents. In this paper, we analyze the functional positioning and protection level of the basic pension insurance system for urban and rural residents and its incompatibility with the requirements of promoting common prosperity and the new institutional environment, and explore the way to reform and improve the basic pension insurance system for urban and rural residents from the perspective of the requirements of promoting common prosperity.