When China began to enter old-aged society, the traditional old-age insurance system with "Pay as you go" characteristic is too weak to provide enough security to the olds. It's mode of collection should be changed to part accumulation, which acquired by combining social pooling with individual accounts. However, in the process of this transition, there are two problems pension fund facing: deficiency of fund and huge pressure of fund raising. How to solve two problems successfully is vital to the growth of Chinese old-age insurance system. After analyzing the background of this transition, this paper focuses on probing to the solution to these problems. Those solutions includes, the implement of Social Security Tax, less holding of state-owned securities, more selling of welfare lottery tickets, and the last, promoting pension fund invest in the capital market.
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