Research On The Government Responsibility Of Basic Old-Age Insurance Fund Management In China

Basic old-age insurance fund to guarantee workers the basic living standard doesn't decline when they retirement. It is the important step to maintain the dignity of the retirees by the Government, and is the country's recognition of the contributions of workers labor. Basic old-age insurance fund management has a direct bearing on the community the vital interests of every member. The face of society's huge demand for basic old-age insurance, in the system and the management is not yet mature critical moment; the Government must play its own in the basic pension insurance fund as an essential responsibility. This paper starts from the basic concept, combining of the existing research results have been analyzed to define the basic old-age insurance fund, and the Government accountability of the meaning of the text. On this basis, this paper, the properties of the basic old-age insurance fund conducted in-depth analysis that the basic old-age insurance fund has nature of the quasi-public, capital and long-term. Basic old-age insurance fund as the basic old-age insurance system for the economic base, the management must comply with the laws of social and economic development. In this paper, the Harmonious Society, Public Economic etc. theories, for further in-depth analysis of the basic old-age insurance fund management to provide theoretical support. Basic old-age insurance fund management involves a wide. In order to better analyze the contents of this research, this paper basic old-age insurance fund management in the Government, individuals, corporations conducted in-depth analysis of the study believe that the Government in the basic pension insurance fund management in the assume there is a system supply, financial support, regulation and the corresponding legal responsibilities and so on. However, this paper considers that the Government commitment to the basic pension insurance fund management responsibility is not infinite but finite, the Government as a "rational person" presents its own cost-benefit function. Government's basic old-age insurance fund management takes certain amount of manpower, material and financial resources. At the same time, they must be compensated for the loss caused by their own misconduct, all of these constitute the Government's cost function; The basic old-age insurance fund management brought about social justice, social welfare, constitutes a benefit function of the government faced. As the Government cost-benefit function exists, the Government must be the basic pension insurance fund management must be to find a reasonable range of their responsibilities.In order to enrich the contents of the article, this papers combination of domestic experience of our basic old-age insurance fund management, as well as the history of evolution are analyzed and found that the domestic basic old-age insurance fund management suffered from the Government and society outside the dual constraints. Including Government in the basic old-age insurance fund management responsibility system for the supply of responsibilities facing the "path dependence", supervision failure, investment Operations Management responsibility for the Fund's lack of efficiency, fiscal responsibility troubled by the lack of clarity. In addition, the basic old-age insurance fund management also affected by an aging population, the domestic capital market imperfections and other external factors. Finally, this paper draws on Japan's relevant experience in the field, although the Japanese in the basic old-age insurance fund management there are some deficiencies in the field, but also for the domestic basic endowment insurance fund management responsibilities in the government study provides the corresponding lessons.In this paper, the above research and analysis concluded that to develop a clear strategic plan is the Government's basic old-age insurance fund, the responsibility of the management of core requirements. At the same time, the government must foster sound market as soon as possible, establish an effective regulatory and investment in operating system, and improve the legal construction of the basic old-age insurance fund. Though the above means, the Government can properly handle the basic old-age insurance fund management problems to maintain its smooth operation.