关键词: 公共养老金, 非稳态环境, 资产负债表, 缴费资产

Abstract: The public pension balance sheet is an important part of the national balance sheet, and an important basis for the government to implement pension reform. Some studies have worked out how to compile the public pension balance sheet in a steady state, but these methods fail in a non-steady state. At present China is faced with the non-steady state of economy and population. Therefore, it’s valuable to study how to compile a public pension balance sheet which will adapt to China’s actual non-steady state. The main problem in compiling the public pension balance sheet in the non-steady state is the calculation of contribution assets. Based on the principles of compiling public pension balance sheet, this paper deduces the formula of contribution assets in the non-steady state, and compiles the balance sheet of China’s public pension. Furthermore, this paper analyzes the impact of various reforms, such as lowering the pension benefit index, delaying retirement and raising contribution rate, on the public pension balance sheet. The results show that China’s public pension system relies too much on national subsidies and the assets could not meet the liabilities. The adjustment of public pension’s benefit index, retirement age, and contribution rate would help to restore the solvency of China’s public pension and reduce its dependence on national subsidies.

Key words: Public Pension, Non-steady State, Balance Sheet, Contribution Assets