A Research On Effective Raising Of Urban Social Pension Funds

This thesis studies effective raise of pension funds, based on the urgency of raising pension funds. Along with the arrival of an aging population and the deepening problems in general development trend of aging, china's social pension insurance system is facing severe challenges, and giving tremendous pressure on the building of a harmonious society. Social pension insurance must be based on the economy and financial environment. The core problem of the social security is the funds operation, while the basic link of it is the formation of funds, that is, the raising of funds. Who provides funds? How much will they be provided? Who collects money? How to collect money? Why is the money difficult to collect? These related issues have a stake in the healthy development of the pension insurance system, and involves all aspects of the complicated interests. China's reform of the pension insurance system is also facing these specific issues. As a big developing country, China's economic development level is not high, and only has established the pension insurance system for urban residents. Limited by our country's power, the rural pension insurance system has been stepped up, but far below the level of institutionalization. Based on the above mentioned, this thesis firstly analyzes the funding situation of China's urban pension fund system, and then introduces the building of pension funding system in some foreign countries, finally, it gives some advice to achieve the ways of raising pension funds effectively.The thesis consists of 10 chapters.The introduction of the thesis tells the background, significance and frame, etc.Chapter 2 is a summary of literature on pension system home and abroad.Chapter 3 mainly focuses on the general issues of pension system, which introduces the evolution of pension system and the main contents of the pension raise-funds system.Chapter 4 specifics the present conditions of pension system, and the problems existed in the process of raising funds. Now China's pension financing mode is the creative partly-funded system named a combination of social pooling and individual accounts model. The pension financing system is facing a special interact stage. It is far from standardized, systematic, and has many problems existed, which makes the research on the effective collection question has the reality urgency.Chapter 5 highlights of some foreign pension funding pattern and the practice effects such as in Chile and in Sweden, which make many important inspiration to the reform of China's pension funding system.Chapter 6 points out that the huge implicit debt is a bottleneck restricting the effective raising of the pension insurance fund, and a reasonable solution to the debt is the prerequisite for the effective raising of the pension funds under the current conditions. If the huge implicit debt can not be resolved, the personal accounts will continue to operate with no money and the enterprises will continue to bear the high rates which make the pension funds facing a serious payments crisis and a crisis of confidence. Furthermore, this thesis introduces some calculation method and results about the implicit debt done in recent years, and on the basis of it, the author from the fund-raising perspective, uses the improved methods and the new life tables, calculates the scale of implicit debt, and proposes the ways to deal with these debts.Chapter 7 analyzes the defects of the current pension funding system with the way of "fee-collection" and the dispute of "tax-collection" and "fee-collection", and it points out, at present, the way of "tax substituting for fee" is not an ideal effective collection way, but the way of "tax and fee separate-collection" adapt to the partly-funded pension system, which is a feasible choice to raise pension funds effectively. Furthermore, the main frame of "tax and fee separate-collection" is designed and a real diagnosis research has been done.Chapter 8 proposes a decentralized management model of the pension funds so that we can improve raising and operating efficiency of pension funds.Chapter 9 is the improving proposals related to perfect the pension funding system such as expanding the coverage of pension insurance, promoting the capital market building and strengthening the legal level of pension insurance, etc.Chapter 10 is the conclusions. It summarizes the whole thesis and proposes the next work need to do.