On The Pension Funds To Increase The Value Of System Design And Financial Innovation

A large variety of developed and developing countries is facing the problems caused by the progressive aging of the populations, which impose a challenge to endowment insurance system. The traditional endowment insurance, which is pay-as-you-go and based on the occupational pension system of government, can' t afford for the aging challenge .The balance between the aging demand and supply become imbalance. View from the economy performance, new classical theory asserts to establish the endowment insurance based on the multiple-support pension. This approach can relax the pressure of government public economy, maintain and increase in value and improve endure of endowment insurance. The paper focus on the how to maintain and increase in value. Under the basis of study of experience of developed countries, it is important to let the capital marker enter the endowment insurance to ensure the value. But the effective investment operation should change with the different economical basis, political system and marker situation. The pension security fund in our country should learn from the international experience, which is asserted for the marker management and capital operation. And it is important for us to consider the really situation, including the development of political situation, economical situation and market system. And the innovation of these systems is very important. We should exert on the system model, supervise model and operation model. The law system, management and the financial system should be trinity. The law system is the basis; the management is the safeguard; the financial system is the strategy. These approaches can improve the security, circulation and the benefit of the pension fund.