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Research On Investment Management Of Personal Account Funds In Government Business Pension Insurance

Posted on:2018-03-21Degree:MasterType:Thesis
Country:ChinaCandidate:F LiFull Text:PDF
GTID:2359330515451360Subject:Business administration
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The pension system is an important part of the social security system.Pension fund management related to retiree pension security is a hot issue in life level,a high degree of attention in C hinese society.The institutions of our staff pension system reform since 2014 officially started,has now entered the stage of policy implementation,and the enterprise workers the endowment insurance system,will be interconnected as the core of the old-age insurance system.Population aging is a common phenomenon in the world,C hina is the most populous country in the world,the pension security system pa yment pressure is much higher than other countries,only to preserve and increase the value of pension funds,can alleviate the pressure to pay the aging society of C hina's pension,the successful completion of interconnected system establishment.Although the success of individual account system in C hina to complete the system construction,but did not play the role of pillar pension,the only reason is that the fund of individual account and did not get a higher rate of return on investment in the management process.The organs and institutions endowment insurance personal accounts and personal accounts to employees the same way of investment namely: the agreement of bank deposits and buy some bonds.Such investment in the investment management practice of enterprise employees' personal accounts of the fund,has shown that the investment income can only approximate the bank deposit income,for the institution staff pension and although enterprise workers pension defined different,During the transition period of the pension replacement rate of enterprise employees not facing the grim situation,but in the long term will be faced with the plight of the pension replacement rate decreased,the only way to solve the pension replacement rate decline is to increase the fund's investment income rate.The current institutions and personal account pension investment management approach is clearly unable to meet the basic population aging the situation of demand.Pension reform institutions in Y Province officially la unched at the end of 2015,I have the honor to participate in the reform work,at work,I found that personal account management institutions endowment insurance is still using the management protocol of bank deposits,although the organs and institutions of staff and enterprise workers pension benefits in different ways,but the personal account fund is also facing increasing the value of the pressure in the investment management pattern is almost the same,the old-age insurance fund institutions endowment insurance fund and enterprise investment income should be approximately,I began to think: what types of personal account fund investment Management mode can alleviate the aging society brings pressure to pay,to guarantee the standard of living of retirees mission? Relying on pension insurance data acquisition platform,I use the basic data of Y province institutions insured,the provincial level Y personal account fund balance to make estimates,and forecast according to the rate of return of the fund ba lance to the situation next,the difference in the fund investment balance,finally draws the conclusion: to deal with the aging society pressure on old-age security in C hina,must as soon as possible to accumulate enough pension assets,the best way is to market investment operations of the fund of individual account.The market investment of individual account fund operation only to cope with the impact of the aging population,but also to improve the pension replacement rate,complete the interconnected system to the default pension replacement rate target,the fund of individual account pension become a strong pillar,and effectively protect pensioners living standards.
Keywords/Search Tags:organs and institutions pension, individual account fund investment, pension fund investment, investment operation management
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