Study Of Regulatory Mechanisms Of Social Insurance Funds

The development of the social security system in various countries shows that the social insurance system is the core part of the social security system, whereas social insurance funds are the material base of the social insurance system. The performance of social insurance funds has much effect on the interests of the people, which acts as the "safety valve" and "shock absorber" of the country and society. China has learned many lessons in keeping normal operation of social insurance funds system. Thus improving the legal system to strengthen supervision will become the effective measure to prevent and control problems in the social security system, and also the only way to continuously and healthily develop Chinese social insurance system.The social insurance system operation is a systematical engineering, whose overall process is also of many levels and has the objective law we have to obey. As to a country's social insurance system, it is insufficient to only have the social insurance legal system and the administration mechanism, but efficient and rational supervision and inspection system is also needed. The supervision system is a part of the whole social insurance system. Efficient and rational supervision system comprises of mature legal system, efficient management system and strict supervision system.In China, the supervision and management system of the social insurance system is still at the initial stage, and the supervision mechanism is under construction. Legal system, management system and supervision system still have many defects. The defects of legal system include: low level of legal system, immature law system, insufficient content of laws, lack of means of law supervision, lack in strength of law measurements, etc. The defects of supervision system include: inefficient supervision of social security funds budgets, lack of supervision of NPC representatives, immature social insurance auditing system, lack of law supervision, immature information disclosure system, weak social supervision, etc. The defects of management system include: independent of supervision organization, too much interference from local government, widely distributed supervision and management, lack of coordination mechanism, unclear responsibility and power scope of supervision entity, low level of informatization, low level of overall planning system, etc. Based on the theory of social insurance funds supervision mechanism, this thesis analyzes Chinese current situation, along with the useful experience from some typical highly-developed-social-security countries like USA, Germany, Chile and Singapore, aims at perfecting Chinese social insurance funds supervision and management mechanism, finally brings forward the corresponding policies to improve Chinese social insurance funds supervision system, legal system and management system.