The Study Of Social Pension Insurance Risk Compensation System Fund In China

Social pension fund risk is becoming a hot spot of theory originated from the European debt crisis, because of the excessive use of pension funds is one of the main factors caused the debt crisis. Our country social security system is one of the core content of social endowment insurance, so when a country’s risk too high to cause payment crisis of social endowment insurance, finance will bring a great influence to the country. This thesis mainly studies pay the money in the old-age security system,operating risks related problems. Such as, once the risk happened, especially studied the possible measures for the state of old-age security fund to compensate. Due to the era of planned economy to the era of market economy, the social pension insurance fund in our country has formed a huge "empty account", this also is in the process of our country in building urban and rural security system.It shows that before the system construction is not a comprehensive study, thus led to a loophole in the system of the vulnerability of the core is the "empty account" phenomenon, this involves capital risk.Due to the risk compensation mechanism for at the central level to plan as a whole the national pension fund management and risk control. At the same time it also means that the national pension can pay with the loss of the demographic dividend and realize sustainable development. Social endowment insurance in our country is related to whether each ginseng protect personnel to some old men and old be raised, and of social endowment insurance system in China is now in the transition period, the relevant security level is not high, safeguard overall level is lower, so the payment risk will much bigger in the future. At present several economists in the most countries have consensus that government has the responsibility to provide financial support to social endowment insurance, but how to ensure the security of funds, maximum will not be exhausted situation is needed further research in China. So to explore and research through the establishment of social endowment insurance system of risk compensation, prevention and control in the operation of social endowment insurancefund all kinds of risks, promote social endowment problem at present, no doubt it has great significance.The theory use four kinds of risks of pension insurance as the main line, reveals four kinds of risk like and its harm. At the same time, learning from international successful experience, and explore the measures of risk compensation in line with China’s national conditions. The main contents of this theory: the first is to define the connotation of endowment insurance risk, risk is inevitable that the endowment insurance fund operation may occur in the process of the theoretical basis for the endowment insurance risk compensation, including the theory of principal-agent theory, risk theory and new institutional economics theory; the two is to analyze the situation of the establishment of the old-age insurance fund risk compensation system in other countries in the world, selects several representative countries, including Britain, the United States and Chile. Also analysis our country can learn from the contents of a comprehensive interpretation of the historical development; three is the endowment insurance of our country and current situation and points out the risks and hazards of the endowment insurance fund; four the successful experience of foreign pension insurance fund compensation system, combined with the actual situation in our country, and put forward some suggestions: first, to promote the construction of the system of pension bureaucratic level through fiscal transfer payment in the form of setting the authority of administrative subject, especially the unity of property right, management. The second is through the market way to establish professional pension insurance fund management company, through the efforts of investment and financing mechanism to achieve the effective management and increase the value of fund. In addition to the prediction of the pension risk, provide effective mitigation of pension expenditure. Thirdly, improve the general public pension replacement level, actively through the increase of farmers’ income to reduce the fiscal transfer payment of financial pressure.The significance of this theory is to further improve the pension insurance system in our country, the relevant units to urge countries focus on the reform of endowment insurance system, and put forward its own proposals for reform, can the role of assistance for the sustainable development of economy and the Chinese.