社会保障基金筹集及运营国际比较重点.ppt

我国社保基金的监督 监督的对象包括基金受托人组织、基金市场运营机构、基金托管机构和提供各类中介服务的机构。 《全国社会保障基金投资管理暂行办法》明确了理事会、社保资金投资管理人、社保基金托管人、社保基金的投资、社保基金委托投资管理合同和托管合同、社保基金投资收益分配和费用、社保基金的投资账户和财务管理、报告制度、罚则等重要问题。 具体办法： 1、明确管理部门、财政部门、基金理事会、基金投资公司等各自的责任边界； 2、加强对机构投资者或养老金管理公司的财务监管，审计财务报告以及投资战略； 3、成立社保基金同业协会。 思考： 1、你认为中国社会保障基金的管理应采取何种模式？ 2、请你设计中国社会保障基金的投资组合。 3、我国社保基金能否入市？ 第三章 社会保障基金筹集及运营国际比较 第一节 社会保障基金筹集模式 第二节 社会保障基金管理模式 第三节 社会保障基金投资 第一节 社会保障基金筹集模式 一、现收现付制（pay-as-you-gou）： pay-as-you-go: Money raised by a payroll tax on wages is paid out almost immediately to beneficiaries. The trust fund plays the role of a checking account, being only large enough to ensure a smooth cash flow and to even out fluctuations of the economy. 1．pay-as-you-go: ①Stability of income to the system, can maintain the balance between the income and cost; ②Predictability; ③Low administrative cost; ④Built-in inflation protection; ⑤Demographic--the aging of the population and the population surge known as the baby boom. As will be demonstrated below, the solution to this problem is clear. 二、完全积累制（pay-as-you-earn ）： pay-as-you-earn: The financing mode is in the principle of long term longitudinal balance. a method of paying income tax and national insurance contributions. Your employer deducts tax and national insurance contributions from your wages or occupational pension before paying you your wages or pension. 2．pay-as-you-earn: ①The future return is highly related to the payment in the period of insurance, it has strong incentive mechanism; ②High transparency, the proportion of the fund extraction is relatively stable, fully represent the reserve function of the fund. ③Strong anti aging ability, The age structure of the population have little effect on it. ④the accumulated budget fund can make operation by entering the capital market to Increment, meanwhile can accumulate capital for the economic growth and improve the capital formation. ⑤No redistribution function, can’t make wealth transfer，is bad for reducing t