I personally think that this personal pension fund is also an investment type. It certainly does not mean that there will be a guaranteed personal pension system with compensation and benefits. In China, it currently belongs to the second pillar of the third pillar of pension insurance and is legislated and organized by the state.

Implementation, and at the same time, an account will be established for all workers participating in the basic pension insurance for urban employees, so that when they reach the legal retirement age, they can receive pensions and other benefits in accordance with national regulations.

In essence, it is part of the third pillar pension insurance system, which is the first pillar of the second pillar.

Judging from international experience, the current third pillar of China's urban employee pension insurance is mainly enterprise annuities, occupational annuities and personal account pensions of government agencies and institutions. Enterprise annuities and occupational annuities are mainly enterprise annuities and occupational annuities invested and constructed by the government.

The three aspects of supplementary pension are implemented in a unified manner.

The understanding of the personal pension system needs to be considered on a case-by-case basis. According to international experience, there are four types: developed countries, developing countries, emerging markets and developing countries. We divide them into the first and second pillars.

Judging from the specific content, the second pillar mainly refers to the supplementary pension insurance system other than urban employee pension insurance, which is established by enterprises and workers jointly paying contributions; the third pillar refers to the independent choice of individuals to invest and enjoy pension

The form of pension benefits; the fourth pillar is the second pillar of the "Three Pillars". As the second and third pillars that individuals can choose independently after retirement and receive pensions in accordance with national regulations, it mainly includes basic pension insurance for government agencies and institutions and enterprises.

Supplementary pension insurance.