Research On The Operation Of Social Insurance Funds From The Perspective Of Easing Financial Pressure

Social insurance fund is an important part of the national social security system.It provides the most basic and reliable financial support to the broad mass of the people and is the most gentle and simple way of national basic protection to maintain fairness and justice.It is also the major way to realize the social income redistribution.The state establishes the mandatory,legal status of social insurance fund fiscally through "paralleled revenue and expenditure" to achieve a balance between efficiency and fairness with an emphasis on fair effect.With the growth of economy and population,the operation of social insurance fund has been gradually and increasingly pressing on finance.Once the fund internal balance is broken,it would reduce fiscal surplus and impact the national economy.This paper tries to find the fund's internal equilibrium point and to discuss ways to ease the fiscal pressure.Based on the research of domestic and foreign theories and practices,this paper combines theory with practice.It first gives a full account of the theories on the social security system and of the relationship between social insurance fund operation and related fiscal pressures.Then it discusses China's social insurance system and the operation of the country's social insurance fund and elaborates poor operation,investment difficiency and analytical errors.After that,this paper examines the experiences and lessons from other countries.In its last part,this paper proposes a sound fund operation system with clarified targets,classification,flexibility,optimized regulations,sustainability and optimized management.It points out that the successful operation of the social security fund will release fiscal pressure and promote fairness and justice and improve the nation's credibility.This paper specifically points out that the application of the social average wage should be reevaluated in the adjustment mechanism.It also proposes a 4-level classification management and supports the right for participants to choose between different social security plans.