Legal analysis: The endowment insurance fund consists of contributions from employers and individuals and government subsidies.

legal basis: article 11 of the social insurance law of the people's Republic of China implements the combination of social pooling and individual accounts for the basic old-age insurance. The basic old-age insurance fund consists of employer and individual contributions and government subsidies. Article 12 The employing unit shall pay the basic old-age insurance premium in proportion to the total wages of its employees as stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium according to the proportion of their wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premium in accordance with state regulations and record it in the basic old-age insurance pooling fund and individual account respectively.