The study of dynamic balance of New Rural Endowment Insurance fund

This article is based on the State Council's guidance about the New Rural Endowment Insurance system ([2009] no. 32), using actuarial techniques, constructs a new rural endowment fund dynamic balance model, which is used to the simulation and forecast of Yunnan new rural insurance fund. The result shows that improving peasants' rate of joining insurance and pay grade will not delay the appearance of funding gap, but will increase the pressure of later fund payment and accelerate the risk of fund imbalance. Improving the rate of return before funding gap emerges can add the fund accumulation and postpones the occurrence time of financing gap. Increasing the devisor factor can put off the emergence time of funding gap.