本文選題：基本養(yǎng)老保險(xiǎn)基金 + 基金投資運(yùn)營��； 參考：《山西財(cái)經(jīng)大學(xué)》2014年碩士論文

【摘要】：近年來，我國基本養(yǎng)老保險(xiǎn)基金的累計(jì)結(jié)余已達(dá)到一定規(guī)模，個(gè)人賬戶也逐步做實(shí)，基本養(yǎng)老保險(xiǎn)基金的投資管理問題將日益凸顯�；攫B(yǎng)老保險(xiǎn)基金是社會(huì)保險(xiǎn)體系中最重要的部分，而基本養(yǎng)老保險(xiǎn)基金的保值增值則是基本養(yǎng)老保險(xiǎn)基金的關(guān)鍵性問題。 基本養(yǎng)老保險(xiǎn)基金投資的意義有兩點(diǎn)：一是隨著我國基本養(yǎng)老保險(xiǎn)基金累計(jì)規(guī)模的擴(kuò)大，需要保值增值；二是化解已經(jīng)到來的人口老齡化危機(jī)，降低基本養(yǎng)老保險(xiǎn)基金的支付壓力。目前我國基本養(yǎng)老保險(xiǎn)基金累積結(jié)余已達(dá)到一定規(guī)模，個(gè)人賬戶的逐步做實(shí)也已經(jīng)取得了良好的效果，但現(xiàn)行的政策規(guī)定結(jié)余基金只能投資在銀行存款和購買國債�；攫B(yǎng)老保險(xiǎn)基金投資管理存在這種投資渠道窄、基金的投資收益率低、投資主體不明確，投資管理政事不分等問題，難以抵御通貨膨脹帶來的貶值風(fēng)險(xiǎn)。隨著我國人口老齡化程度的提高，老年人口的急劇增加，，給基本養(yǎng)老保險(xiǎn)基金的支付帶來了巨大的壓力。因此，為了化解基金支付風(fēng)險(xiǎn)，可選擇的基金投資管理模式在現(xiàn)階段基本養(yǎng)老保險(xiǎn)基金省級(jí)統(tǒng)籌的條件下，我國不同的省區(qū)可以結(jié)合自身的政策、管理體制及人才儲(chǔ)備等條件下，應(yīng)該選擇公辦養(yǎng)老金管理公司的投資管理模式或者委托全國社�；鹄硎聲�(huì)投資管理模式，基金投資工具除了銀行存款與國債之外，還應(yīng)該包括有金融債和企業(yè)債、投資基金等多種金融工具。并且，現(xiàn)階段基金的投資策略應(yīng)選擇穩(wěn)健型的投資策略為主，這樣即保證了基金投資的安全性，又能夠使政府便于在基金投資過程中進(jìn)行監(jiān)管。 隨著基本養(yǎng)老保險(xiǎn)基金投資，必將面臨一系列風(fēng)險(xiǎn)，主要包括有三點(diǎn)：基金投資的環(huán)境風(fēng)險(xiǎn)，基金投資管理的風(fēng)險(xiǎn)，基金投資運(yùn)營的風(fēng)險(xiǎn)。同時(shí)，對(duì)于防范風(fēng)險(xiǎn)的管理體系建設(shè)，則需要建立健全養(yǎng)老保險(xiǎn)基金投資運(yùn)營及風(fēng)險(xiǎn)控制的法律法規(guī)、實(shí)行嚴(yán)格限量監(jiān)管、建立最低收益率制度、建立準(zhǔn)入與退出機(jī)制、健全基金投資運(yùn)營的信息披露制度。通過這幾個(gè)方面的措施以保障基本養(yǎng)老保險(xiǎn)基金的投資安全，實(shí)現(xiàn)保值增值。
[Abstract]:In recent years, the accumulated balance of basic old-age insurance funds has reached a certain scale, and personal accounts have been gradually made solid. The investment management problems of basic pension insurance funds will become increasingly prominent.The basic old-age insurance fund is the most important part of the social insurance system, and the maintenance and increment of the basic pension insurance fund is the key problem of the basic pension insurance fund.The significance of the investment of the basic pension insurance fund has two points: first, with the expansion of the accumulative scale of the basic pension insurance fund in China, it needs to maintain and increase its value; second, it is necessary to resolve the crisis of the aging population that has already arrived.Reduce the basic pension fund payment pressure.At present, the accumulated balance of basic old-age insurance fund in our country has reached a certain scale, and the individual account has made good effect step by step, but the current policy stipulates that the balance fund can only invest in bank deposits and purchase national debt.The investment management of basic pension insurance fund has such problems as narrow investment channel, low investment return rate, unclear investment subject, no distinction between investment management and administrative affairs, and so on, which is difficult to resist the risk of depreciation brought by inflation.With the increase of the aging degree of the population and the rapid increase of the elderly population, the payment of the basic pension insurance fund has brought great pressure.Therefore, in order to resolve the risk of fund payment, under the condition of provincial coordination of basic pension insurance fund at present, different provinces and regions of our country can combine their own policies.Under the conditions of management system and talent reserve, the investment management mode of the public pension management company or the investment management mode entrusted to the National Social Security Fund Council should be chosen. The investment instruments of the fund are in addition to bank deposits and treasury bonds.It should also include financial and corporate debt, investment funds and other financial instruments.Moreover, the investment strategy of the fund at present should choose the stable investment strategy, which not only guarantees the security of the fund investment, but also makes the government easy to supervise in the process of fund investment.With the investment of basic pension insurance fund, it will be faced with a series of risks, including the environmental risk of fund investment, the risk of fund investment management and the risk of fund investment operation.At the same time, for the construction of risk management system, it is necessary to establish and improve the laws and regulations on the investment operation and risk control of the pension insurance fund, to implement strict limited supervision, to establish the system of the lowest rate of return, and to establish the mechanism of admission and withdrawal.We will improve the information disclosure system for fund investment and operation.Through these measures in order to protect the investment safety of basic pension insurance funds, to achieve value-preserving.
【學(xué)位授予單位】：山西財(cái)經(jīng)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：F842.67

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