bet365 live casino games Abstract:China's population aging is accelerating development，Especially the "infant tide" born after 1962 will enter the retirement age will lead to a surge in pension demand in the future。Pension deficit is about to come bet365 live casino games and quickly accumulate，Pension expenditure accounts for GDP proportion rapidly，The sustainability of the pension system faces major challenges。Due to the short window period of the reform，The pressure of pension payment continues to increase，It must be dealt with with a package of solutions。Delay retirement、Adjustment of the "demand side" reform and starting social security reserve fund、Deliven state -owned capital income、Expand the "supply side" reform bet365 live casino games of "supply -side" reform simultaneous implementation，It is expected to achieve the balance of income and expenditure of the pension system。In the long run, the pension system sustainable operation depends on productivity, especially labor productivity increase，Comprehensive reform of the pension system and the transformation of the economic system are indispensable，At the same time, we must actively do a good job of reserve policy，Structural changes Bet365 lotto review and uncertain shocks to cope with the new development stage。 

　　Keywords:"Baby Tide" pension system delay retirement alternative productivity 

　　AuthorDuyang, Researcher of the Institute of Population and Labor Economics of the Chinese Academy of Social Sciences; Cheng Jie，Associate Researcher of the Institute of Population and Labor Economics of the Chinese Academy of Social Sciences。(Beijing 100006)