养老金与信托制度相结合的适用性:制度空间与路径选择

Analysis on the Applicability of China's Pension in Combination with the Trust System:System Space and Path Selection

我国的养老金面临巨大的支付压力以及保值增值压力,难以应对人口老龄化的挑战。发达国家的养老金投资运营普遍引入了信托机制,且取得了积极效果。我国有必要将养老金与信托制度结合起来以化解养老金的现实制度困境,这一结合不仅必要与可行,而且具有法律上的适用性。养老金与信托制度相结合的法律实现机制主要包括"产品模式"与"机构模式",立法者应当给市场主体更多的选择,促进不同法律实现机制之间的互相竞争与适时替代,进而提升养老金制度的规范弹性与应有活力。

Pension system in China is facing a great pressure of payment and maintain and increase its value,and it is hard to meet the challenge of aging population.Developed countries have adopted pension trust widely and achieved positive effect.It is necessary to combine pensions with trust system to resolve the problems of the pension system.This combination is not only necessary and feasible,but also has legal applicability.The legal implementation mechanism of combination between pension system and trust system includes 'product model'and 'agency model'.In order to promote competition among different legal mechanisms and enhance the flexibility and dynamism of the pension system,legislators should give more options to market players.