Operation And Reform Of The U.S. Federal Social Pension Insurance Fund

Old-age Insurance is a very important part of a country’s social security system. Although China is still a developing country,the severity of the aging problem in China is as much as many developed countries.Improvement of Old-age Insurance is the important content of Chinese current social security work,because faulty Old-age Insurance has became the main factors that restricting Chinese economic development and social stability.Compared to other developed countries,the establishment of U.S. Federal Social Pension Insurance system is late,but it maintains well.China and U.S. are both typical representative of Social insurance-type social security system,the two countries have the closest population size and land area.This paper will put forward experience to improve Chinese Old-age Insurance by analyzing the development course,fund operation and reform of U.S. Federal Social Pension Insurance.This paper uses qualitative analysis and documentary research,by collecting, classifying and organizing information and data in both Chinese and English,organizing and discussing as the following method:Firstly, it presents search background and significance of the study,research status at home and abroad.Then it reviews the developing history of U.S. Federal Social Pension Insurance,analyzing its characteristics. At the same time,it analyzes the social pension insurance’s fund operation from following three aspects:the funding for the balance of payments, fund management institutions and unsustainability.lt analyzes the reasons for reform of U.S. Federal Social Pension Insurance;Using the perspective of risk theory,it divides the risks faced by the American pension insurance into short-term risks and long-term risks and the reform measures into gradual style and structural style.Finally,after previous analysis of the operation and reform of U.S. Federal Social Pension Insurance fund,it gets the enlightenments:we can try to treat family as the old-age security’s unit;strengthen the fund’s management, rationalization of fund investment;pay attention to the timeliness of policy adjustments, the progressive implementation of policies.