2015年12月召开的中央经济工作会议提出了“供给侧结构性改革”的重要论断,对社保改革具有深远的指导意义。在养老保险改革方面,如何把商业养老保险改革与社会保险改革结合起来,这是未来改革的一个“大逻辑”。中国基本养老保险的缴费率非常高,降费将成为实行供给侧结构性改革的重要方面,2016年将继续降费。降费将倒逼养老保险全面深化改革,否则将有可能导致财政风险。因此,供给侧结构性改革将有利于促进商业养老保险大发展,其制度设计要遵循便携性、透明度、可及性、独立性和激励性五个原则,税收政策要给予鼓励和优惠。 The Central Economic Work Conference held in December 2015 put forward the important conclusion that “the structural reform on the supply side” should have profound guiding significance for social security reform. In the reform of pension insurance, how to combine the reform of commercial pension insurance with social insurance reform is a “big logic ” in the future reform. The contribution rate of basic endowment insurance in China is very high, and the reduction of fees and charges will be an important aspect of the structural reform of the supply side. In 2016, the fee will continue to drop. A fee reduction will force the pension system to deepen its reforms in an all-round way. Otherwise, it may lead to fiscal risks. Therefore, the supply-side structural reform will be conducive to promoting the great development of commercial pension insurance. The system design should follow the five principles of portability, transparency, accessibility, independence and motivation. Tax policies should be encouraged and preferential.