Study On The Management Of Basic Pension Insurance In The Personal Account In China

At present, the basic pension insurance adopted in China is the part accumulating type that integrates social pooling with individual account. The social pooling takes the pay as you go, and the personal account implements the funding scheme. The purpose is to keep the reallocating function of the pay as you go and to overcome the pressure of aging population, and also to give way to the cultivation of the right personal sense of responsibility and the inspiring function on efficiency.However, because the government takes the obscure attitude to the transition cost of the social security system all the time, the individual account fund is diverted and tied up by the government in the situations that the individual property right is limited, and the government makes it be the capital source of paying retired pension. The "empty account" of the individual account has already threatened the social security system seriously and has violated the original intention of setting up individual account seriously. For this reason, we must turn the "empty account" into the "real account", divide accounts to manage, and create the conditions to realize the fund value of the individual account preserved and appreciated. But what the individual account fund needs is not merely a large number of cashes but the assets producing the value, Consequently, on the basis of realizing the real account of individual account to operate, we must change the management mode of the individual account fund explore the trusting management style, meanwhile, in the face of the risk that the individual account fund is out-of-balance, we must strengthen theinvestment of the fund and take precautions against the investment risk.