【摘要】：本文首先分析了我國老齡化進程以及企業(yè)年金發(fā)展現(xiàn)狀。接著，從年金精算概念入手，明確了累算權益成本法與預計給付成本法兩大類成本測算思路，并比較兩者在計算方法和繳費壓力上的異同。分別建立了預計單位福利法（工作貢獻的增加能獲得更高的年金給付）、個體水平成本法（企業(yè)年金的正常成本固定不變或者是工資收入的某一比率）、總體水平成本法（站在企業(yè)年金所有參與人的角度而非個體角度）等三種方法的測算模型。說明了三種計算模型的思路以及計算公式。選擇以個人視角出發(fā)的預計單位福利法和個體水平成本法進行實證分析。結合發(fā)達國家年金市場的經驗以及資本市場的實際運行情況，，對年金測算過程中所需的各相關參數(shù)進行假設，包括生存概率、貼現(xiàn)率、預期退休給付的工資替代率、工資增長率、投資回報率等。再結合某公司的實際人力資源相關數(shù)據(jù)（年齡、性別、入職年限、工資）等，測算該公司的年金成本。并按照不同投資風格（保守、平衡、積極）回報率的假設測算年金繳費壓力。從折現(xiàn)率、工資增長率、替代率等方面入手對企業(yè)年金繳費成本進行敏感性分析。
[Abstract]:This paper first analyzes the aging process and the current situation of enterprise annuity development in China. Then, starting with the concept of annuity actuarial, this paper clarifies the two kinds of cost calculation ideas of accrual equity cost method and expected payment cost method, and compares the similarities and differences between them in calculation method and payment pressure. The expected unit benefit law (the increase of work contribution can obtain higher annuity payment), the individual level cost method (the normal cost of enterprise annuity is fixed or a certain ratio of salary income) is established separately. The total horizontal cost method (standing in the perspective of all participants in the enterprise annuity rather than the individual perspective) is used to measure the three models. The train of thought and calculation formula of three kinds of calculation models are explained. This paper chooses the expected unit welfare method and the individual level cost method to carry on the empirical analysis from the individual angle of view. Based on the experience of the pension market in developed countries and the actual operation of the capital market, this paper hypothesizes the relevant parameters needed in the annuity calculation process, including survival probability, discount rate, wage replacement rate of expected retirement payment, etc. A rate of increase in wages, rate of return on investment, etc Combined with the actual human resources related data (age, gender, entry years, wages), the annuity cost of a company is calculated. And according to the different investment style (conservative, balanced, positive) return assumptions calculated annuity contribution pressure. This paper analyzes the sensitivity of enterprise annuity contribution cost from discount rate, wage growth rate, substitution rate and so on.
【學位授予單位】：上海交通大學
【學位級別】：碩士
【學位授予年份】：2013
【分類號】：F275;F832.5

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相關期刊論文 前2條

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本文編號：2345362