Financial Imbalance Risk and Its Control Strategy of China’s Pension Insurance Contribution Rate Reduction

Table 6

Financial balance of the UEBPI fund in optimization scenario 4.

Collection rate (%)	Postponing retirement age scheme	Percentage of external finance	Years of the accumulated deficit	Accumulated deficit in 2060 (billion RMB)	Actuarial balance rate (%)
65	N/A	0	2024–2060	629455.86	43.34
75	Scheme 1	0	2027–2060	249290.03	23.97
85	Scheme 1	0	2031–2060	158865.11	20.21
75	Scheme 2	0	2035–2060	214709.35	21.75
85	Scheme 2	0	2053–2060	109071.36	18.25
75	N/A	23.5%	2035–2060	288430.07	25.92
85	N/A	23.5%	2042–2060	208173.54	21.93
65	Scheme 1	23.5%	2032–2060	119880.02	20.10
65	Scheme 2	23.5%	2054–2060	80229.67	18.15
75	Scheme 1	23.5%	2059–2060	15798.01	16.36
85	Scheme 1	23.5%	N/A	−127517.14	13.49
75	Scheme 2	23.5%	N/A	−61898.57	14.67
85	Scheme 2	23.5%	N/A	−210417.53	12.00