With the natural growth of personal account funds and the realization of "empty accounts", their scale will become larger and larger, and the management and operation problems of personal account funds will be further highlighted. This is a huge challenge facing the personal account system.

According to expert predictions, if personal accounts are fully consolidated, the fund size will reach 18 trillion by 2030.

In order to ensure the safety of funds and maintain and increase their value, personal account funds should implement strict management and operation systems.

Limit investments to solid varieties.

For behaviors that violate the management system and cause damage to the fund, civil, administrative, criminal and other sanctions shall be comprehensively applied based on the subjective and objective aspects of the behavior.

While strictly managing personal account funds, we should innovate the management and operation system, break through the current model of direct operation by public authorities, make more use of market means to maintain and increase the value of the fund, and select suitable private institutions as trustees.

Responsible for the investment and operation of the fund.

[5] The prerequisite for the application of this indirect operating model must be to ensure the safety of funds.

The state should provide guarantees for the maintenance and appreciation of personal account funds.

The interest rate of personal accounts under the accumulation system is mainly determined by actual operating results, but the state should ensure a certain level of value-added based on indicators such as inflation rate and wage growth rate.

The "Social Insurance Law" states that "bookkeeping interest rates shall not be lower than the bank's time deposit interest rate" as stipulated in Article 14. However, since there are often situations where the time deposit interest rate is significantly lower than the inflation rate, this guarantee is still insufficient and the inflation factor needs to be factored in.

Take this into account to protect the interests of the elderly and maintain social harmony and stability.

Since my country's basic pension insurance system aims to "protect the basics", the compulsory savings in personal accounts should also be limited to a certain extent, giving insured employees a certain degree of freedom of choice.

For some high-income groups, the state does not need to force them to save too much in their personal accounts. After the accumulation of their personal accounts reaches a certain amount, they can be allowed to stop paying contributions to their personal accounts. This does not violate the policy of "maintaining the basics."