Table 2 Key parameter list
Parameter | The assumption of base |
|---|---|
Total fertility rate | one-child policy: town 1.1956 rural 1.7568 selective two-child policy: town 1.2049~1.3985 rural 1.7373~1.7914 universal two-child policy: town 1.2831~2, rural 1.7633~2 |
Growth rate of payment base | 7% from 2015 to 2020, down by 0.5% every 5 years until to 2% |
Growth rate of per pension fund | 90% of the growth rate of payment base |
Planned granting proportion of basic pension fund of the old | 70% |
Planned granting proportion of basic pension fund of the second old | 20% |
Planned granting proportion of basic pension fund of the second new and the new | Proportion is 1% in the first year and cumulating in the following years |
Planned granting proportion of basic pension fund of the second old and the new | Proportion is 1.2% in the first year and cumulating in the following years |
Number of planned granting month of individual account of the second old | 120 |