The Local Social Insurance Fund Management Research In China

According to plan as a whole hierarchy of social security fund in our country can beroughly divided into two parts, part is managed by the national social security fund council of thenational social security fund, another part is by the provinces, cities and county levels of localgovernment management of social security funds. I often see the local pension funds into thestock market, but it is unusual for the special study on the local social security fund managementof the writings. Of local social security fund management system analysis, standard local pensionfunds management advice.Although the social insurance in China started late but developed quickly, especially onJuly1,2011formally implemented the social insurance law of the People’s Republic of Chinamarked the basic set up social insurance system in China. But at the same time, also exposedsome problems and contradictions. For example: the population ageing problem increasinglyprominent, local pension funds pay is under growing pressure; Where the social security fundinvestment channel is narrow, the value difficult; Endowment insurance problems left over byhistory, individual account empty account; Collects pay rate is high, the enterprise burdenoverweight, and so on. This article through to the concept of local social security fund in China,development process, the analysis of existing realistic problems, combining with the socialinsurance management of foreign advanced experience and empirical research of dongying citysocial insurance fund management, in the local social insurance fund raising, investment, legalsystem, budget and other aspects put forward the countermeasures and Suggestions to solve theproblem of social security fund management, especially for places of social insurance fund thevalue problem, proposed multi-channel investment, dispersing risk, increase the income of localsocial security fund investment operations.Full-text is divided into six chapters:Introduction the first chapter, the paper selected topic reason, the research significance andthe purpose of the present situation, the innovation of the research.Second chapter elaborated the connotation of the social insurance fund and role, and definethe definition of local social security fund, analysis, and discusses the three types of socialinsurance fund raising way--pay-as-you-go system, funding and partly funded, and thedevelopment of the social insurance fund management system change. The third chapter through to the national social security fund sources, the investmentoperation mode, the analysis of the supervision and management, etc, for the local social securityfund management experience for reference; On this basis, the analysis discusses the local socialsecurity fund management present situation, the current investment channels and the problemsexisting in the fund operation, such as historical debt, financing channels for a single, largepayment pressure, etc.Fourth chapter through the United States, Singapore, Chile and other countries of the socialinsurance fund management mode, analyses their successful experience and lessons, the modelfor social security fund management in China.The fifth chapter discusses the specific of dongying city social insurance fund managementpractices, such as to strengthen fund raising, improving fund financial management level, perfectthe policies and regulations, etc., analyzed the experience of dongying city social security fundmanagement, existing problems and reasons analysis of dongying city social security fundmanagement.Chapter vi management problems that exist in the local pension funds, discusses themethods to solve the problem. This article put forward to strengthen the legal systemspecification, multi-channel to raise funds sources, improve the level of budget management, setup a multi-channel investment, dispersing risk, increase the income of local social security fundinvestment operations and strengthen supervision, to fully fund personal accounts for old-agepension fund and so on six aspects of improvements.