Abstract: According to the theory of collaborative governance, the survey of the time-bank pension project in the new rural community of Y street in Nanjing found that the problems such as imperfect time bank deposit and exchange mechanism, insufficient volunteer service level, unreasonable exchange of mutual assistance for the aged, and the lack of governance of management are becoming increasingly prominent. It is necessary to construct an effective operation mode that is led by the government, and multi-party governance of specialized social work organizations, commercial banks, mass media, volunteers, and resident leaders, in order to achieve the role of time bank of stimulating mutual assistance and old-age care, and supplementing the old rural construction of the old-age security system.

Key words: new rural community, time bank, mutual aid and old-aged care, collaborative governance