Improvement of Pension Insurance Reform of Institution Staff.

"The pilot program of the pension insurance system reform of institution staff" was passed in 2008,which (i) clarified the scope of the pilot and the applicable object and proposed to establish a basic old-age insurance system by combining social pooling and individual account, (ii) defined their basic pension according to whether s/he is one of long-standing, new or in between, and (iii) promoted the reform in a smooth manner. However, the current scheme is unfair in the coverage, and the decision of the payment level is unreasonable, which will for sure give rise to decrease of pension replacement rate. Hence, we need to concern all the institutions' staff, even the public functionaries, to implement the contribution principle for combing the units and the individuals, unified payment base, unified payment proportion and unified method of calculation and payment. At the same time, we may divide the institutions' old-age insurance into "basic endowment insurance and occupational pension" to form a more equitable and sustainable endowment insurance system by testing this new attempt, and correct the proportion of payment and the method of calculation. [ABSTRACT FROM AUTHOR]