关键词: 城镇企业,个人账户,财政补贴,偿付能力

Abstract: On the basis of the existing pension insurance policy and the actuarial methods, this paper develops an actuarial model of financial subsidy, solvency and division factor of the individual accounts of the workers in rural enterprises. In order to improve the degree of accuracy, based on the Lee-carter model, it adopts the weighted least squares method to predict the mortality. Through the relationship between the distribution of population and age-specific and the pay cost wage, the growth rate of working-age salary is estimated. According to benchmark actuarial assumptions, this paper measures the actuarial present value of financial subsidy and the scale of the assets and debts of the individual accounts for enterprise employees at the beginning of 2015. The results show that 36.11% of the future expenditures in the individual accounts is supported by financial subsidy. Under the present calculation and payment methods, the fund solvency of individual accounts is deficient. The division factors of pension in the individual accounts measured according to the dynamic life expectancy is higher than the present division factors. At the same retirement age, the division factor for female is almost 8 to 10 months more than that for male. Based on such results, it proposes some policy measures to reduce the financial burden and improve the solvency of individual accounts.

Key words: urban enterprise; individual accounts; financial subside; solvency