The reason why the growth of social security base is greater than gdp index

Bear the transition cost of social insurance system, the establishment of social insurance system lacks accumulation period, and the use efficiency of social insurance fund is not high.

1, bear the transition cost of the social insurance system: those who worked and retired before the reform did not pay before, but still enjoyed social security benefits, so they need social insurance funds to "pay the bill" for the system transition. Therefore, at the beginning of the establishment of the current social insurance system, a higher contribution rate was determined to raise funds to maintain the operation of the current social insurance system.

2. The establishment of social insurance system lacks accumulation period: this is mainly reflected in the old-age insurance. Take the United States as an example America has not yet entered an aging society. After World War II, there was a baby boom. Coupled with the influence of a large number of young and middle-aged immigrants, the United States had a time window of several decades before the peak of population aging, and the fund could not make ends meet and accumulated huge pensions.

3. Inefficient use of social insurance funds: At present, the total balance of various social insurance funds in China exceeds 4.5 trillion, mainly pension funds, with a balance of 3. 1 trillion. At present, you can only deposit in the bank and buy government bonds. In the long run, appreciation cannot be realized, but there is also the risk of depreciation.