Discussion of Delay Retirement and Pension Replacement Rate

As a relatively important indicator to reflect the generosity of the pension system,the moderate pension replacement rate will contribute to improve the confidence in the implementation and reformation of the basic pension system.Aimed at the hottest discussions,such as delaying retirement,funding individual accounts and doing market-oriented investment,this article utilized the pension replacement rate as an entry point and further refined its model according to the current policies.Through estimating the pension replacement rate under different retirement age and return on investment,it analyzed and evaluated the adjustment of system parameters and relevant reform measures.