Author(s)

Yu Zhang

Corresponding Author

Yu Zhang

Abstract

In October 1, 2014, China formally implemented the reform of the dual track pension system, which is also known as the "parallel" reform. The connotation of the distributive justice of the primary endowment insurance is "the equal distribution of contribution and treatment". However, the intragenerational primary endowment insurance after reform is only fair in the starting point (system), which is unfair in the result (treatment). The main reason is the difference between occupational pension and enterprise annuity. By improving the annuity system and reducing the strange rate of payment, the government will perform the "bottom line responsibility". The way that the government takes the cost of reform can promote the realization of the intragenerational allocation justice of pensions.

Keywords

Primary endowment insurance, Double-Track reform, Intragenerational distribution.