The Research In The Operational Mechanism Of New Rural Endowment Insurance Fund Under The Background Of The Land Circulation

Since the beginning of reform and open-up, our country rural household contract responsibility system makes farmers owe the farming income becomes one of the main economic source of income. As the process of industrialization and urbanization accelerates and due to various forms of rural land circulation, the total amount of rural land is decreasing. The employment, endowment and minimum life guarantee are all based on the land. The land circulation leads to losses of the basic life insurance. The traditional land endowment assurance is facing a lot of risks. Farmers' income and old-age security problems have been mentioned more and more. In particular, the endowment problems of peasants are highly valued by the government sectors.On the other hand, due to the development of era, in the past, family insurance funding system implemented in the past is no longer sufficient to meet the needs of the development. The system has many problems that is unable to meet the pension needs of the farmers. Thus, in the context of land transfer, the study to the relevant mechanisms of rural insurance funds is of great significance.This paper studies the status and main problems of rural old-age insurance funds based on the context of land transferring, proposes a more scientific and reasonable views on establishing and improving the rural old-age insurance. This article is divided into six chapters. The first Chapter is Introduction. It discusses the basic situations of endowment insurance fund and the significance of further improvement based on the context of land transferring. Meanwhile, this section also analyses the development of the rural old-age insurance both at home and abroad. Chapter II defines the concept of land transfer and rural endowment insurance and introduces relevant concepts of land transfer and the rural old-age insurance fund. The third chapter in-depth analysis of typical foreign pension insurance of the rural and the implementation of the system, and deep thinking on how to learn the foreign operation experience of rural pension insurance from other countries. Chapter 4, from the Rural Social Pension Insurance running status and through the available data from investigation and interviews to analyze and research, we found operation problems of Pension Fund: on mobilization of funds, the problem is fewer funding sources, lower incomes level of farmers, low awareness level of the importance of insurance, more difficult to raise funds. In fund investment operation, there are many differences between the main of preservation & value-added and market-oriented investment model. In fund supervision, there are problems on regulatory mechanism of Rural Pension Insurance Fund, weak internal control on fund management, lack of self-discipline, all these lead to illegal use of pension funds and lack of effective social supervision on farmer insurance fund. Chapter 5, expounds Rural Pension Insurance Fund operating mechanism in China. In the mobilization of funds, it needs to enhance the government's financial responsibility, determine a reasonable proportion of the funding and funding base, make efficient funding policy. On fund investment operation, goal is to design a system to achieve preservation and value-added objectives with the premise of compliance with the principles of pension fund investment in rural. On fund supervision, attention to the fund industry's self-discipline, build mutual checks and balances supervision system of pension funds and non-official monitoring mechanisms.