Research On Investment Risk Control Of Occupational Pension Fund

Occupational pension has become main pillar of endowment insurance system, the establishment of occupational pension can make workers get additional insurance besides basic insurance, which can improve their living standard after retirement. At present, China has initially established multi-level endowment insurance system which includes the basic old-age insurance, occupational pension and personal savings for retirement. World Bank forecasts that, the market of occupational pension in china will become the world's third largest occupational pension market by 2030. Occupational pension not only relates to the development of China's multi-level endowment insurance system, but also to the harmony and stability of the society.In accordance with the pilot scheme of occupational pension fund management ,occupational pension fund operates by market, and its operation level will directly affect the quality of workers'life after retirement, when investing in capital markets, it will get high earnings accompanied by high risk at the same time. If the investment risk can not be effectively prevented ,not only the purpose of increasing its value can not be achieved, but also its own security would be threatened, so it is a very practical significance to do research on investment risk control of occupational pension fund. Meanwhile we are faced with the global financial crisis, so it is particularly urgent to strengthen the investment risk control of occupational pension fund.The thesis makes a study and exploration on the investment risk control of occupational pension fund combining the reality of current China, which is based on the summary of the results of previous studies. First of all, the author makes an general introduction on the basis theory of occupational pension fund, including the interpretation of occupational pension fund, its investment operations, the identification and measurement of investment risk, and the control methods, and analyzes the status of investment management in China and the investment risks we face. Finally, the author raises control strategy of investment risks by using VaR risk measurement method to enhance risk control, optimizing the investment asset allocation, improving the risk-compensation system, improving corporate disclosure of pension information system and strengthening the external monitoring of occupational pension fund.