Historical Origin and Reform Orientation of the Double-track Pension System:Evidence from Zhejiang
Tong Sujuan;Guo Lin;
The income redistribution effect of two-track pension system can be interpreted from the four theoretical perspectives of utilitarian income redistribution, liberalism theories of distributive justice, equality of opportunity theory and welfare economics. System design of pension insurance system reform should reflect the fair and efficiency, and raise fund should reflect the mandatory financial participation. Problems of transition from the old system to the new system in the short term should be solved, in the medium a mandatory institutions of occupation pension system shoulded be established, and in the long term the basic old-age insurance is to be integrated,perfecting the multi pillar pension system. The heavy difficulty of pension system reform includs: how to link the old and the new endowment insurance system, how to narrow the pension gap between the Enterprises and the institutions, and how to to coordinate the conflict between the retirement system and the pension system.