China'S 2 Trillion Social Security Fund Faces High Negative Interest Rate Risk

In August 10th, the Ministry of human resources and social security released statistics on social insurance in 2010. The total amount of social insurance funds in 2010 amounted to 23886 billion yuan, but nearly 9 of them were kept in financial accounts, with only 140 billion yuan. bond Commissioned by other means of operation.

At present, China has already started to make real retirement accounts, but the problem of preserving and increasing funds has become increasingly prominent. Experts believe that at high inflation In the background, how to maintain and increase the value of social insurance fund is at least guaranteed. depreciation We should introduce relevant measures.

　　 Nearly 9 of the social security funds are deposited in banks.

Data show that in 2010, the national social insurance fund reached 23886 billion yuan, but 20319 of which accounted for 85.1% of the total fund, reaching nearly 9.

Previously, a person familiar with the research on the supervision of social security funds revealed that a social security fund with a special account was deposited in accordance with the one-year fixed interest rate. They have done research on the investment situation of social security funds in 17 provinces and cities, and found that 58% of the provincial social security funds are stored at current interest rates. At present, the fixed deposit rate is 3.5% in one year, while the CPI growth rate released by the National Bureau of statistics in July has reached 6.5%, almost two times the annual interest rate. Under such a high inflation background, nearly 9 of the social security funds are faced with the risk of high negative interest rates.

　　 Social security fund investment mode is single.

From the data released by the Ministry of human resources and social affairs, only 140 billion yuan of social security funds are keeping value added. Operate 。 Only 36 billion 600 million yuan is entrusted to the National Council for social security fund operation and the rest is used to purchase treasury bonds or agreement deposits. Zheng Bingwen, director of the World Social Security Research Institute of the Chinese Academy of Social Sciences, believes that the current investment and operation mode is still very simple, and the scale is very small. It is recommended that the state should introduce the investment and operation methods of social security funds as soon as possible so as to maintain and increase their value.

Reporters learned from people familiar with the matter that at present, the relevant departments are inclined to be conservative and steady in the investment and operation of social security funds, because no one dares to be responsible for their investment risks because of such a large number of funds. This has led to the draft of the investment and operation of the social security fund and the supervision field, which is difficult to come out because of disputes.

　　 Hotspot

Pensions do not pay two hundred billion

At present, 13 provinces, including Liaoning, Jilin, Heilongjiang, Tianjin, Shanxi, Shanghai, Jiangsu, Zhejiang, Shandong, Henan, Henan, Henan, and so on, have already launched a pilot project to fulfill the basic personal pension insurance for employees. By the end of 2010, there had been some gains in making empty accounts and accumulated 203 billion 900 million yuan in the personal accounts of the basic old-age insurance fund.

Data show that in 2004, China's pension accounts amounted to 740 billion yuan. Zheng Bingwen, director of the World Social Security Research Institute of the Chinese Academy of Social Sciences, estimates that the current account has reached 1 trillion and 300 billion yuan. This is almost the total income of the national basic old-age insurance for employees in 2010, half of the total social security fund.

In 2010, the income of workers' basic endowment insurance fund increased by 16.8% over the previous year, but the expenditure increased by 18.7% over the previous year. At present, the rate of endowment insurance has been very high in China, and the space to expand income through the expansion of insurance coverage has been very small. Under such circumstances, pension funds are likely to be unable to make ends meet, exacerbating the pressure of empty accounts.

　　 Last year, 50 thousand people claimed social security.

The state is expected to introduce regulations to crack down on fraud

In 2010, 50 thousand people were found to have falsely claimed social security treatment, and another 2 billion 700 million yuan was paid for social security premiums. At present, the Ministry of human resources and social affairs has begun to draft relevant regulations on social security fraud, which is expected to be submitted to the State Council for approval within the year.

Data show that in 2010, the total number of on-site audit enterprises in the country was 2 million 210 thousand, involving 141 million 850 thousand employees of the insured workers, and the number of underreporting missing persons was 6 million 760 thousand. The number of underpaid social insurance premiums was 2 billion 700 million yuan, and 2 billion 500 million yuan was overdue. When checking the number of 67 million 70 thousand people enjoying the five social insurance benefits, 50 thousand people were found to have claimed 81 million 540 thousand yuan, and 79 million 770 thousand yuan had been recovered. In addition, the government also cleared up 42 billion 200 million yuan in arrears of old-age insurance for enterprises.

At present, social security anti fraud laws are not sound enough. The existing laws and regulations are relatively lagging behind, and the social security fraud units and individuals have a relatively poor binding force. The inspection is not sufficient and restricted by means. The difficulty of approving and checking is relatively large. The linkage mechanism of departments should also be strengthened. Reporters learned that, in view of these circumstances, on the basis of previous research in local provinces, the state will begin to introduce the social security anti fraud Ordinance to crack down on fraudulent practices and standardize the payment and treatment of social security. The Ordinance is currently being drafted and is expected to be submitted to the State Council for approval within the next year.

In addition, by the end of 2010, there were 290 thousand people in the country who had transferred the endowment insurance to another place, and 120 thousand had achieved the transfer of medical insurance relationship. The transfer of two social security funds exceeds 3 billion 300 million yuan.