企业年金基金财务风险控制的制度创新研究

An Innovative Research on Financial Risk Control of Occupational Pension Fund

随着我国企业年金制度建立步伐的逐步加快和年金基金规模的不断壮大,年金基金投资运营中的风险也在不断增多。本文在介绍企业年金基金管理特点的基础上,分析了年金基金市场化运作过程中存在的主要风险,并通过美国安然公司401(K)退休基金重创案例透析了年金基金管理中的存在的问题,最后从建立健全法律法规体系、强化以基金受托人为中心的监管制度、建立多元化的投资机制、加强年金基金信息披露等方面提出了创新思路。

With the rapid development of occupational pension system and the growing scale of occupational pension fund, the risks of pension fund investment operations are also increasing. After introducing the characteristics of occupational pension fund management, the paper analyzes the main risks of pension funds market-oriented operation process, and analyzes the issue of risk aversion through the Enron 401 （K） retirement fund. Finally,the paper puts forward some innovative ideas,from the establishment of a sound system of laws and regulations, to strengthen the Fund＇s trustee-centric monitoring system, to establish a diversified investment mechanism and enhance information disclosure ,and so on.