Research on Time Bank Mutual Pension Model under the Background of Aging Population

With the aging of the population,the-age security of low-income urban and rural resident,who account for about 70% of china’s total population,has become an important issue related to the national economy and people’s livelihood,and also a short board to be solved urgently in building a socialist modernization power[1].Mutual support for the aged is a new pension model that transcends the blood relationship, can assist the family to provide for the aged, and solve the pension problem with the help of social forces. In this model, the concept of "time money" is introduced and merged into a brand-new mutual support model "Time Bank". China's "Time Bank" mechanism is still in the development stage, and there are still some problems from the current operation of this new pension model in China. In order to promote the extensive development of Time Bank, this paper makes a theoretical analysis on the conversion of time currency value, withdrawal and deposit, the conversion of labor value and time currency value in Time Bank, and the inheritance of time currency savings, so as to create an all-round, wide-area, multi-level and integrated old-age service ecology, create a service-oriented old-age model with China characteristics, and contribute to China's wisdom and China's plan for solving the world's old-age problems.