Research on Issues and Countermeasures of Urban-rural Endowment Insurance Integration

To narrow urban and rural development gaps in recent years, realization of urban-rural endowment insurance integration is an important content of the reform of social security system in China.In recent years, China has continuously completed endowment insurance system, and expanded coverage groups of social insurance.Almost all urban employees were covered in the range of endowment insurance.Due to restraint from city-countryside dualization structure in China, urban and rural economic development is imbalanced.Rural endowment insurance system is different from urban endowment insurance system in terms of payment and delivery, which influences free circulation of labor to some extent.In this paper, the author centered on the theme of urban-rural endowment insurance integration, and proposed countermeasures for existing issues from the angles of payment standard, completion of pension insurance fund management and supervision enhancement based on current implementation conditions of endowment insurance system. Necessity of Urban-rural Endowment Insurance IntegrationBalance of urban and rural endowment insurance is performed under the background of China's dual economic structure.Viewed from the angle of social equity, development of rural endowment insurance is of great significance for balance of urban and rural endowment insurance.However, the theory of welfare economics gives supports to balance of urban and rural endowment insurance from the angle of social welfare.Social endowment insurance has the nature of public products.Public services provided by the government to its residents should be equalized as much as possible.However, endowment insurance works for rural and urban residents are separately managed.With increasingly frequent labor mobility nowadays, urban and rural dual endowment insurance policies bring forth difficulties to guarantee of laborer rights and interests, restraining stable development of social economy.Rational configuration of labor resources can be realized only by balanced endowment insurance development of urban and rural residents and promotion of urban-rural endowment insurance integration, so as to coordinate urban and rural economies, make urban and rural residents enjoy equal rights and interests, and achieve the goal of constructing well-to-do society. Issues Existing in Current Endowment Insurance System in China Not high policy execution efficiencyIn 2011, China's endowment insurance system realized overall coverage.In actual operation, however, some residents are still not covered in the endowment insurance system.This issue is more obvious in rural regions.Only when various regulations are guaranteed from formulation to implementation, China's basic endowment insurance system can really become a people-benefit project.This is also a key point to be further improved in the process of governmental work.In some regions, it is sufficient for publicity of relevant endowment insurance systems by governmental departments, resulting in local residents' inadequate understanding of this system.More seriously, they even misunderstood this system, bringing forth huge difficulties for endowment insurance integration.