After years of exploration and reform, China’s social pension insurance system has played an important role in China’s economic development and social stability, but there are still structural problems that lead to serious pension insurance payment crisis. The purpose of this paper is to discuss the structural problems of China’s social pension insurance payment crisis and the corresponding reform measures.

Insurance 

For many decades after independence, the Kenyan government ensured a vigorous pursuit of the National Hospital Insurance Fund (NHIF) coverage to those in formal employment and generally pursued a policy of laissez-faire as far as access to health insurance is concerned to those in the informal sector. At its inception, the NHIF, a social insurance scheme, was to assist government employees to gain access to higher quality private hospitals, thereby relieving congestion in the free public hospita...

Public Health  Insurance 

The relationship between the optimal asset allocation and the functional form of power utility is investigated for defined-contribution (DC) pension plans. The horizon dependence of optimal pension portfolios is determined by the argument of the power utility function. The optimal composition of pension portfolios is horizon independent when terminal utility is a power function of wealth-to-wage ratio, and deterministically horizon dependent when terminal utility is a func

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Risk Management  Business Finance and Investment  Insurance