The Study Of Chinese Basic Pension Insurance Fund Risk Aversion

In the past30years, through the reform and opening up, China has achieved rapid economicgrowth and attracted worldwide attention. The country’s fiscal revenue continue to increase payments to thesocial security fund transfer, the problems that have arisen in the development of social security to developcountermeasures, and has risen to the legal level, and promote the process of the development of China’ssocial security system. Pension insurance fund is the most important part of the social security fund system,the pension fund is an enduring issue only related to the stability of the national people’s livelihood issues,but also about the future competitiveness of the country in the international. However, with the aggravationof the trend of population aging, the co-ordination level not yet achieved the national co-ordination, topreserve and increase the value of the Fund increasing pressure on pension investment risk managementsystem poor, the development of China’s urban workers’ pension insurance business is also facing a severetest. This how to avoid the risk of China’s urban workers pension fund has become the most importantcause of China’s pension insurance whether sustainable development and building a socialist harmonioussociety in China.This article take the data analysis, document analysis and other methods. Begin by reviewingthe course of development of China’s urban workers’ pension insurance as well as investment in the statusquo of China’s pension fund, and from population aging, low levels of overall planning, increasing thevalue of the pressure and the risk of poor management, operation, analysis of the basic pension insurancefund its existence reasons. Finally, according to the risk of its existence such as delay retirement age,national co-ordination, the establishment of professional Social Insurance Bank recommendations toeffectively circumvent its risk.Through the theoretical and empirical research, the This article come to the following mainconclusions:First, through data analysis China has gradually entered the aging society, a populationdependency ratio of the constant increase in, thus is the old-age insurance Fund pressure on the paymentconstantly increases. Therefore, the delay retirement age, to increase the work time on the seemsparticularly important. But the having delay the retiring age at need to from various policies to coordinateits, is a complex systems engineering, was therefore a need for gradually to effectively promote the, and tosolicit broad range of views to. In This on top of the basis of, we can the implementation of flexibleretirement policy, each person according to their own the body, occupational characteristics, and so on todetermine their own retirement age, In the implementation of the at the same time of the a flexibleretirement system by, the implementation of the a system of linking between the in the level of theretirement age and pension, to establish an effective the compensation of the of the pension incentivemechanism, of laborers the formation of long-acting incentive and restraint mechanisms.The second, the progressive realization the national co-ordinating of the old-age insurance Fund. The current pension also belong to the out planning at the provincial level, the old-age insurance Fund in thebetween the various Province can not be performed the adjustments in the use, greatly affected the mobilityof the pension. Therefore, we should engaging in the national scale within the unified provide that thescheme, unified dispatching the use of the Fund, unified supervision and management, the unified ofinformation systems, the ultimate realization of urban workers in China old-age insurance the cause ofsustainable development. At the same time the establishment of a nationwide social insurance settlementcenter, and set the Central adjustment funds of, so that the old-age insurance Fund to maintain the fluidity,to ensure that the realization of the old-age insurance of laborers rights and interests.The third, and activelytake the investment strategy of the multi-channel, preserve and increase the value-added of the to ensurethat the old-age insurance Fund. The current most of the of China’s old-age insurance Fund is still used forbank deposits and treasury bonds, the investment channels is a single. Therefore, on the one hand, we caninvest in to the protection of housing construction, to achieve the a win-win situation of the preserving andincreasing the value-added of on social benefits and pension insurance fund; on the other hand actively topromote the old-age insurance fund on the market, to achieve with the benign interaction of the capitalmarket, the same time do a good job the risk control mechanism. Finally, it should the establishment ofspecialized Social Insurance Bank, on the pension investment the scope and proportion of making a clip todo a are scientific and reasonable, and that the reasons for of the defined, to achieve that the cause ofChina’s old-age insurance sustainable development.Fourth, improve the old-age insurance Fund investmentand operation of mechanism, in of its to take performance management. The establishment of personalaccounts management mechanism, to makes the laborers to understand the their own pension movements ininvestments in and its the supervision,, the full protection the interests of the individual depositors. At thesame time to take performance management mechanism, establish a system of comprehensive the old-ageinsurance of fund management of performance evaluation system, to improve the Fund of old-ageinsurance management operational status of. Last A information disclosure mechanism who intends to theimplementation of a old-age insurance fund, to ensure there right to know of the insured person, preventionthe case of diversion of the old-age insurance Fund is for the purpose, to achieve the disclosure of the basicold-age insurance fund of the, fair, to operate impartial.