Does the New Rural Endowment Insurance go into Town?——Study on Income Distribution Effect of Urban and Rural Residents Endowment Insurance System

It is the excessive levels of pension insurance and the gap between urban and rural areas that lead to the reverse widening gap in income distribution.Among many levels of pension insurance,the new rural endowment insurance is a minimum level and the urban residents endowment insurance followed by.The new rural endowment insurance and the urban residents endowment insurance were incorporated by government in early 2014;then a unified urban and rural endowment insurance was established.It is positive for breaking pension fragmentation and improving the overall level of pension and promoting the flow of talents.However,this measure doesn't expand the coverage of protected subject,can't enhance the level of protection of the urban and rural residents,even does not solve any other problems,such as fund regulation,payment enthusiasm,and so on;so it can't narrow the income gap between urban and rural areas.Improving urban and rural residents pension benefits must ultimately rely on state finance invest heavily to establish a sound regulatory mechanism fund,as well as to establish public confidence in payment.