Proceedings of the 2014 International Conference on Global Economy, Commerce and Service Science

The Application Research of Nominal Accounts on the New Agriculture Insurance Based on the All-Inclusive Society Mode

Authors
Xiaowen Gong, Xinde Chen
Corresponding Author
Xiaowen Gong
Available Online January 2014.
DOI
https://doi.org/10.2991/gecss-14.2014.6How to use a DOI?
Keywords
all-inclusive society mode, pension substitution rate, notional defined contribution model
Abstract
The social security of China is going forward to all-inclusive society mode, establishing a pension system compound with social account and personal account. But the "one-size-fits-all" safeguard way which create the fair but lost the efficiency. Especially in new agriculture insurance, there is a gap between pension replacement rate and actual demand. The article forecast the relationship through pension substitution rate of individual account with fund accumulation quantity, in addition with actuarial in pension standard to obtain the result of pay-as-you-go or full-funded system at present. Then the article draw into the concept of notional defined contribution model. At last through the analysis with other country which using the notional defined contribution model, which can get result that the notional defined contribution model has more advantage for China.
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Proceedings
2014 International Conference on Global Economy, Commerce and Service Science (GECSS-14)
Part of series
Advances in Intelligent Systems Research
Publication Date
January 2014
ISBN
978-90-78677-96-3
ISSN
1951-6851
DOI
https://doi.org/10.2991/gecss-14.2014.6How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Xiaowen Gong
AU  - Xinde Chen
PY  - 2014/01
DA  - 2014/01
TI  - The Application Research of Nominal Accounts on the New Agriculture Insurance Based on the All-Inclusive Society Mode
BT  - 2014 International Conference on Global Economy, Commerce and Service Science (GECSS-14)
PB  - Atlantis Press
SP  - 22
EP  - 25
SN  - 1951-6851
UR  - https://doi.org/10.2991/gecss-14.2014.6
DO  - https://doi.org/10.2991/gecss-14.2014.6
ID  - Gong2014/01
ER  -