Analysis the Individual Contributions Grades of the New Rural Social Pension Insurance

The personal pay grade of the new rural social pension insurance related to this benefit farming policy can really benefit the majority of farmers. This article using 2010 data and research analysis found that farmers have the ability to select the high-grade payment, but most people choose the lowest grade. With the help of ordinal utility theory analysis found that farmers more concern about the current benefits; using an actuarial model analysis results show that the new farmer's insurance propaganda lacks scientific; through the empirical analysis found that the fixed payment system also has its drawbacks. In order to realize the new farmer's insurance target of benefit the majority of farmers, it is recommended that clearing the concept of "Pay more for much, Pay more for long", implementing the ratio of the rate, improving the income level of farmers, strengthening the financial support.