At present, there are three kinds of endowment insurance in China, one is the endowment insurance for enterprise employees, the other is the endowment insurance for government agencies and institutions, and the third is the endowment insurance for urban and rural residents.

Compared with the average pension for urban and rural residents, the gap between enterprise retirees and retirees from government agencies and institutions is very large.

Generally speaking, the per capita pension of retirees in government agencies and institutions is the highest, the per capita pension of retirees in enterprises is the second, and the pension of urban and rural residents is the third.

The average pension for retirees from government agencies and institutions is 4,000 to 5,000 yuan, while the data released by Ministry of Human Resources and Social Security shows that the average pension for retirees from enterprises in China was 2,362 yuan in 20 16 years, and it should be close to 3,000 yuan now.

Extended data

Overall account is the main part of the basic old-age insurance in public institutions. In order to link up pensions reasonably, the Notice of Ministry of Human Resources and Social Security and the Ministry of Finance on Implementing the State Council's Decision on the Reform of the Pension Insurance System for Staff in Institutions and Institutions stipulates a transition period of 10, which makes the calculation of the pension in the retirees' pooling account relatively special and complicated.

In this paper, according to the pension calculation and payment method applicable to the insured of all ages, actuarial models are established for the insured of the financial full payment unit and the differential payment unit respectively. In this paper, the financial burden of the basic old-age insurance pooling account of government institutions in the beginning of 20 15 is calculated, and the sensitivity analysis of the influencing factors is made. Based on this, some policy suggestions are put forward to improve the old-age insurance system and reduce the financial burden.

Baidu Encyclopedia-the State Council's decision on the reform of endowment insurance system for staff in government agencies and institutions