On Our Country's Supervision System Of Pension Funds In Transitional Period

Our country is in a period of economic transformation. New systems suiting the development of market economy cannot be established and begin to play within a short period of time, which results in many problems in the field of economy. Under such double influence as the aging situation being more and more serious as well as the imperfect reform of pension funds system, the operation of pension funds is being greatly threatened. Especially there are many loopholes in its supervising system, which leads to frequent occurrence of crimes involving pension funds, and it has already become a serious problem holding back the development of economy. This paper, based on exploring constructional questions related to pension funds and comparatively studying foreign supervising system of pension funds, rationally analyzes the problems existing in our country's supervision of pension funds, and puts forward that our country's supervision system of pension funds should be perfected through such three respects as supervision model, investment supervision as well as laws and regulations. The paper points out that a mixed supervision model of various -level restrictions with inside and outside supervision as its frame, power decentralization and check-balance as its principle, should be set up. Organization of inside supervision with macro, middle and micro level integrated be established to achieve the balance and restriction of supervising power. Agencies' functions should be particularly made use of to strengthen the outside social supervision, safeguard the rights and status in supervision of social groups, media, trade union as well as citizens, taking reasonable investment as well as the realization of maintenance and appreciation of pension funds as the core value of investment supervision. According to the basic regulations of market economy, specific systems are set up to improve the effect of supervision. Strictly supervise the management inside the operating organization of pension funds, perfect the financial system and management of revenue and expenditure, strengthen the audit, and improve the system of accurate calculation and credit rating. Mature market of capital should be developed to achieve the benign interaction between the capital market and investment of pension funds, and construct the legal frame of social system of safeguard based on ruling-by-law concepts. Long-term legislation plans of social safeguard should be made, and appropriate legislation model should be adopted, to establish the basic legal system of social safeguard as soon as possible. In addition, we should also perfect the mechanism of investigating legal responsibilities for fund supervision, distinguish different forms of responsibilities of respective subjects and make definite ways of investigating responsibilities.