A Study On The Regulatory System Of Urban Basic Old-age Insurance Fund In China

The basic old-age insurance plays an important role in social security system. The basic old-age insurance system is closely related with a country's economical, social stability and development. The security and integrity of the fund of the basic old-age insurance have directly influence on the immediate interests of the vast numbers of insurants. While great progress has been made, we still face many problems.Firstly our country is in the transition period from "cash payment" to "social overall plan and individual account", the problem of the enormous sum of transition cost hasn't get the settlement yet. Secondly, the huge old-aged population poses a challenge to pension payment. Thirdly, imperfect market system and too much regulations for the fund investment limit the increase of the fund. There are a lot of problems in pension fund administration which directly affects civil liabilities and pension system normal running. Just under these background, the author considers it is meaningful to study on the regulatory system of basic old-age insurance. This paper summarizes international experiences about pension regulatory and combs the basis theories. Then it points out there are many problems in presently system.This paper points out the subject of pension regulatory should include many departments such as legislature, executive, financial and auditing department, intermediary organization and the public so that bring about inter-constraint relationship. It's crucial to enact and improve rules and regulations, make management effective, strengthen internal control system, and press ahead auditing regulatory and social supervision.This paper consists six parts. The first part introduces the puzzledom the basic old-age insurance system face, explains some concepts and summarizes important achievements in China and abroad. The second part represents theoretical foundation of the pension regulatory. The third part generalizes international regulatory experiences on pension management. The fourth part analyses existing circumstances about pension regulatory in our country and points out there are still risks in pension-raising, investing, paying. The fifth part put forward some advises to improve and perfect pension regulatory system in China. And draw the conclusion in the last part.