Study On Management Mode Of Chinese Rural Social Endowment Insurance Fund

As the reform of Chinese rural economic system is rolling out, and the intensification of rural residents' aging, the problem of rural social security, especially endowment insurance is increasingly prominent. The rural social endowment insurance fund is the core problem and the primary link of the rural social endowment insurance. How to manage the fund is especially important. This will have a direct impact on whether or not the Chinese rural social endowment insurance is a successful reform, and the rural economical development and social stability. So it is very meaningful to research the management mode of rural social endowment insurance fund. In order to establish a reasonable and effective Chinese rural social endowment insurance fund management mode, while writing the paper, I have collected and analyzed plenty of data. But in present literature, the research of Chinese rural social endowment insurance fund management is still in the sporadic stage. There is very little systematic study of Chinese rural social endowment insurance fund management mode. Based on the study of the domestic and foreign data, it mainly uses qualitative analysis, and uses the empirical analysis and canonical analysis and uses many tables and graphics. It deeply researches the Chinese mode of rural social endowment insurance fund. Rural social endowment insurance fund management involves three main management mode. It includes financing mode, hierarchical management mode and payment mode. The thread is how to choose and structure the three major mode of rural social endowment insurance fund. Firstly, it outlines such management mode with empirical analysis. It analyzes the rural social endowment insurance requirement and feasibility. These are prerequisite for discussion of Chinese rural social endowment insurance fund management mode. Then it describes the current status of Chinese rural social endowment insurance fund management mode. The financing mode uses pay-as-you-earn. The hierarchical management mode uses centralized government. The payment mode uses defined contribution. And it analyzes the implementation results of the current rural social endowment insurance fund management mode. It analyzes the adaptability of the rural social endowment insurance fund management mode. These provide problem guide for designing Chinese rural social endowment insurance fund management mode. Secondly, it analyzes the theoretical characteristics of the endowment insurance fund management mode. It provides theoretical foundation for structuring the rural social endowment insurance fund management mode. Then list several typical endowment insurance fund management of foreign countries. This provides practical experience for structuring Chinese rural social endowment insurance fund management mode. At last, on the basis of the former analysis, it designs the overall management mode of Chinese rural social endowment insurance fund according to the real situation by mainly using the qualitative analysis. In regard to financing, it still needs the personal account financing mode of pay-as-you-earn. But it needs to match some improvement measures to ensure the personal, collective and nation financing in time. In regard to hierarchical management mode, it needs to do radical reform in the country's current hierarchical management model of government concentrated, and to separate the business management functions, investment operation functions and supervisory functions of rural social endowment fund. In regard to payment mode, the defined contribution adapts the financing mode of pay-as-you-earn in Chinese current rural social endowment insurance fund. At this stage in China, it could still use the payment mode. But in the implementation process, it needs to reform some policies in order to pay the pension smoothly. By using the rural social endowment insurance fund mode, it could effectively guarantees the sustainable operation of Chinese rural social endowment insurance fund. Of course, for dearth of data and information, it mainly designs the rural social endowment insurance fund management mode and provides the policy recommendations through qualitative analysis. If using the quantitative auxiliary analysis, it will more convince through the designing of econometric models and using some real data. So some of the specific details need to do further research after structuring the mode, for example, the rural social endowment insurance fund subsides ratio of the collective and state. More researches need to be done in the future.