Social Security Fund personal account annual yield of up to 18.9%

The National Social Security Fund Council recently said that the National Social Security Fund Council entrusted with the management of personal Account fund work well, as of December 31, 2009, the National Social Security Foundation was entrusted with the management of personal account funds 34.612 billion yuan.　　The annual yield of the trustee has been as high as 18.9%.　　Personal account is under the pressure of depreciation the pension insurance model of the urban workers in combination of China and the whole account is divided into two parts: the balance and the personal account, in which the personal account is the fund account which is accumulated by the social security fee paid by the insured worker according to the ratio of 8% of the salary.　　Because there is a huge gap in the co-ordination part, the personal account is basically used to supplement the part of the pension in the beginning of the establishment, and the personal account of the operation of the empty account is far from the multi-channel investment operation to maintain and increment. In order to solve this problem, in 2001, the country began to start to do real personal account pilot, the country has 13 provinces and cities to carry out the pilot.　　According to the 2008 annual Statistical Bulletin of the Ministry of Social Affairs, 13 employees of the real enterprise personal account of the pilot province accumulated a total of 119.9 billion yuan. These 119.9 billion yuan personal account payment fund, according to the existing regulations can only deposit bank or purchase government bonds, each year only according to the current deposit interest registration proceeds. The investment channel is single, the investment way is limited, causes the fund to face the huge depreciation pressure, the local government also does not have the incentive to pledge the higher rate of return.　　In fact, according to Professor Zhao Yao of Peking University, the low rate of return has also hit the insured's insured power.　　In addition, the gradual push out of the rural new endowment insurance will also be for the insured farmers to establish personal accounts, if the future full implementation, its account accumulation also faces enormous value-added pressure. The investment yield is as high as 18.9% how to put the fund into market-oriented investment operation is always the focus of people's attention.　　In last year's human resources and Social Security conference, spokesman Yin Chengki said that the Endowment insurance Personal Account Fund investment method has completed the first draft, in ensuring the security of the Fund under the premise of actively exploring effective investment channels, including national key projects of investment, as well as the appropriate part of the investment in capital markets.　　Shunming, a professor at the School of Public Administration at Renmin University of China, stressed that if individual account funds are unable to achieve marketable yields, they will squeeze individual savings from the insured on a one-to-one basis, which is detrimental to long-term economic growth at a stage where capital is still scarce. In response to the depreciation pressure of individual account funds, with the approval of the State Council, the National Social Security Fund will be entrusted to the management of Tianjin, Shanxi, Henan, Xinjiang, Jilin, Heilongjiang, Shandong, Hunan and Hubei 9 pilot provinces (districts, cities) to do real enterprise employees in the basic Endowment insurance personal accounts of the central subsidy funds, The Social Security Fund Council pledged 3.5% per cent of the guaranteed yield.　　The National Social Security Fund will be in accordance with the "Safety first, pay attention to efficiency" requirements, the implementation of professional, standardized, market-oriented operation, better achieve the personal Account fund assets of the preservation and value-added. Despite a once-in-a-century financial crisis, the National Social Security Fund will be entrusted with managing personal accounts in 2009The investment yield of the fund still reaches 16.1%. Since the trust of the Personal Account Fund investment income of 9.341 billion yuan, which confirmed the accounting earnings of 6.116 billion yuan, risk reserves of 3.225 billion yuan, average annual yield of 18.9%. As of December 31, 2009, the National Social Security Foundation was entrusted with the management of personal account funds 34.612 billion.