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Research On The Administrative Charges Of Pension Fund

Posted on:2005-03-02Degree:MasterType:Thesis
Country:ChinaCandidate:H F SunFull Text:PDF
GTID:2156360152467779Subject:Quantitative Economics
Abstract/Summary:PDF Full Text Request
Administrative charges are of great importance in the reform of old-age social insurance system, which may not only affect the benefits of the retirees, but also sometimes the healthy performance of the system itself. Hence, this topic is gaining attentions from all countries in the world and hundreds of papers have been done based on this issue abroad. In china, charges on the management of pension funds is still a brand new field to be opened up. That is what this paper for.We take administrative charges as an indispensable element in the regulation of pension fund management, so all the suggestions that we will present are essentially based on the backgroud of all-round pension fund supervision system. Having this in mind, we shall not be too boastful on this point to ingore other aspects which are also significant.Charges on the management of pension fund mainly result from four differten costs, and the charge methods can be summarized as follows: based on assests, based on contributions and fixed costs. The former two are proportional fees with different influences on the behavior of retirees and fund managers. As a conculsion of this paper, fees based on assests are considered prior to the other one.We have also drew some practical clues from the experiences of other countires. The ways to achieve the goal of reducing management costs of pension fund are quite the same, which can be boiled down to four: benefiting from the economies of scale, reforming the management institutions, altering the competition measures and controling the service level. Scale economy is the most effective one out of the four and should get more attentions.This paper developed a model of charging on the pension fund of China and proposed two suggestions: The administrative charges supervision should be added into the system and the future reform should take advantages of the economies of scale.
Keywords/Search Tags:Pension Fund, Administrative Charge, Scale Economy
PDF Full Text Request
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