Reducing Risks In Engineering Management For The Collection Of Social Security Premiums Through Financial Engineering And From Ethical Points

The principal element for the existence and development of a social security system is the collection of enterprise social security premiums that have to be paid promptly and in full amounts. To assure a sound social security system, it is paramount to have in place an aggregated management and coordination from the government. Although the ratio of Chinese social security premiums collected is now undeniably higher as compared to a few years back, arrearages are still abundant. In fact, there are still many provinces that encounter deficits in their social security fund. As a matter of fact, the collection system of Chinese social security has jeopardized the Chinese regional legal administration and causing long term liabilities in the administrative engineering management. In hope of establishing a permanent and low risk mechanism to reduce the cost of risk engineering management through heightening ethical government leadership and regulating collection policies thus raising the rate of social security premium collection, the behavior pattern of arrearages and evasion of payments by enterprises and the current management objectives, policies, methodologies and mechanisms set by the administrative government are analyzed by means of informationization and, by employing financial engineering, a viable social security collection system is devised.