Research On The System Of Individual Retirement Account In China

The main problems of the pension system in our country are the imbalance of the three pillars of pension,the lack of relevant laws and regulations,and the narrow scope of pension funds investment.Although the reform has achieved some success,it still can not solve the deep-seated contradictions and problems.Therefore,to establish the tax benefits of endowment insurance as the core of the individual retirement account is the inevitable trend of the development of the pension system and improve endowment insurance as the third pillar.However we still have no relevant policies even though the concept of personal retirement accounts has been proposed for many years in our country,which largely restricts the development of China's pension third pillar.In this paper,China's implementation of the necessity and urgency of personal retirement accounts as the research background,summary of the developed countries private pension plans,and analysis of foreign experience and its enlightenment to our country,from two aspects of the theoretical support and the external environment permits we analyze the feasibility of individual retirement accounts in our country according to the situation of our country.Finally we draw the conclusion on China's implementation of individual retirement account.The implementation of individual retirement accounts can not only reduce the pressure of the first pillar of the pension,promote the development of China's pension system,but also improve the social welfare and protect the people's living standards.In the paper,literature analyst,comparative analyst,empirical analyst is used to study the necessity,feasibility and restricting factors of China's implementation of personal retirement accounts.As a result,4 policy suggestions are putting forward on China's personal retirement accounts system: first,the existence of EET and TEE are used of tax incentives consideration of to our country tax policy;second,recommend to establish professional pension fund and individual retirement account registration platform,in order to facilitate the pension fund management and supervision of government departments;third,suggest flexible investment to improve the return rate of pension investment;fourth,Shuangfeng are recommended for the supervision system and government departments should actively encourage the masses to participate in individual retirement accounts,and should promote China's third pillar pension Development?...