| Summary: | 碩士 === 國立政治大學 === 經營管理碩士學程(EMBA) === 99 === It has been foreseen by international research institutions that both problems, the aging of population and the trend towards fewer children, are the most significant challenges which the mankind is facing in the 21st century. In Taiwan, the trend of decreasing birth rate, as shown in recent years, indicates that the aging of population is particularly severe in Taiwan. Based on concerns about whether the present social insurance system and the pension provision are sufficient to meet personal retiring needs such as health care and living expenditure and so on, the research begins with the narration of the rising longevity risk faced by people in Taiwan, then illustrating the successful mode set up by the US and Hong Kong that utilizes the trust system incorporating both the property isolation and the basic professional services to operate and manage the pension market, and eventually concludes that it is of significance for both the government and the enterprise to establish the pension management system as well as for the individual to prepare for the retiring funds as early as possible, looking forward to drawing high attention to the importance of provision for personal pension account.
This research is constructed in six parts, Part I: Introduction; Part II: Basic Theory and Literature Review, covering trust system, pension trust plan and funds utilization, foreign retirement system review and so on; Part III: Application of Retirement Products in Taiwan’s Trust System; Part IV: Analysis of Taiwan’s Labor Group’s Retiring Demand and Insufficiency of Funds; Part V: Case Study on Practical Operation for Retirement Products in Taiwan’s Trust System; Part VI: Conclusion and Suggestion. By means of elaborating trust system's characteristic and function and the basic theories on both utilization of pension in the accumulation period and funds planning in the disbursement period, and further introducing the advanced countries’ sound experience in integrating the trust system with the pension schemes, the research, by three case studies, analyzes Taiwan’s labor group’s retiring demand and insufficiency of funds and presents some suggestions relative to improvement on the latent financial gap.
The case study for retiring demand and insufficiency of funds is subject to two factors. One is that the computing module is based on the pension system being run currently, a fixed inflation rate and excluding any potential factors in changing the society and economy, such as the updated social insurance policy by the government. The other is that the Return on Investment (ROI) is computed by using past data and only one simple ROI is applied, not in line with the actual situation that the assets in investment portfolio have individual risk coefficient and varied ROI.
In addition to the conclusions, the research presents the following suggestions:
1.Given the present situation in Taiwan that both the social insurance system and enterprise’s pension schemes are unable to meet personal retiring needs, the individual is supposed to prepare for the funds as early as possible.
2.To take care of the staff and preserve the talent, the employer can set up extra program of retirement and welfare for the employee.
3.The regulator can take preferential measures to lessen the tax burden on pension, modestly adjust the operation and management of three material pension funds comprising Labor Insurance, Old and New Labor Pension Funds as well as offer the option for the laborer to invest the self-choosing target pursuit the New Labor Pension Fund and so on.
|
|---|
