Analysis Of China's Enterprise Annuity Development And Investment Issues

Occupational pension is a kind of important way that every country in the world offers the retired living guarantee to its people. Abroad, the regular occupational pension plans already had a history of more than 100 years, but our country did not begin the exploration of occupational pension until the beginning of 1990s. Occupational pension, as the second pillar in the security system play a supplementing role to the social basic endowment insurance, meanwhile it has important function to perfect in stabilizing talent's team of the enterprise and promotion capital market. Our country is being in the key periods of the economic development and institutional improvement of social security, setting up and developing occupational pension has very strong current demand and development prospect. But at present, the development of the occupational pension of our country is quite slow, the coverage is limited, the scale of the fund is very small, not only fails to satisfy the reality that the aging population of our country and existing basic endowment insurance system fund breach strengthen constantly to need, but also fails to be in conformity with the economy development level of our country and resident's income state. The reason causing this kind of phenomenon is complicated, like being lack in relevant laws and regulations, poor efficiency of capital investment and so on.Occupational pension in our country has a good development prospect. The constant enlargement with the scale of the occupational pension, its requisition on pension fund value preserving and appreciation will be higher and higher. Seek making the investment effectively of enterprise pension assets, no matter to the plan or the interests to the plan participant, the perfection and development of the capital market even of our country are all very important. The article sets out from angle of the assets investment mainly, focus on analyzing the investment problem of our country. On the basis of using the pension fund operation successful experience ofsome countries of U.S.A. and Europe for reference, according to the concrete conditions on the financial market of our country, put forward the suitable fund operation investment channel of annuity of our country and effective investment way. There is the experience of pension investment of foreign enterprise mainly: putting forward the investment orientation, clearly investment limitation, holding national debts, etc. Within relatively long time, the security investment fund of our country and systematic risks in the stock market are relatively great, can not satisfy the pension fund and concurrently investment request with stability and security, and it is difficult to become the investment target with ideal annuity of the enterprise in a long time. Our country enterprise should seek the new train of thought at the bond market to invest occupational pension funds.