Research On Legal Issues Of Occupational Pension Regulation

Old-age insurance system for government departments and institutions has established in 2015.The government has established occupational pension for its staff composed of joint contributions by the government and employees to maintain a reasonable level of retirement benefits.Occupational pension includes several kinds of jural relations,such as principalagent legal relationship with administrative authorization and normal principalagent legal relationship and trust legal relationship.Under these circumstances,occupational pension fund faces many risks such as management efficiency risk,moral hazard and adverse selection,financial market risks.The fund may be embezzled,misappropriated,privately shared,detained or delayed by some entities or individuals.So that the government has established a regulation system based on administrative regulations and policy documents.Both administrative agencies and participating companies can supervise the operation of occupational pension,and follow the draconian regulation mode.The establishment of fund collection accounts and the collection of tax departments have prevented the risks in fund payment.The establishment of information disclosure and information reporting systems has improved the transparency of fund operations.With the help of audit institutions,a variety of supervision and inspection measures are used to supervise fund management institutions.However,the regulation system has emphasized "control" and light "regulation" on retirement pension funds for a long time,which has led to problems such as ambiguous regulatory basis,confusion of management and regulatory functions,and unclear positioning of agents.In the operation of the system,there are problems such as lack of regulatory scope,inadequate information disclosure,and ineffective implementation of regulatory measures.This paper argues that the current regulatory system should supervise bookkeeping risks,strengthen information disclosure,protect the right to know of clients and beneficiaries,and enhance supervision and inspection.In the future,more specific regulations should be introduced,the responsibilities of all parties should be classified,and an independent occupational pension regulatory agency should be established.