1. According to the requirements of the Notice of the State Council on Deepening the Reform of the Old-age Insurance System for Enterprise Employees (Guo Fa (1995) No.6), the basic old-age insurance system was formulated for the first time, and the personal accounts of the basic old-age insurance for employees were established, which promoted the formation of a new old-age insurance mechanism, guaranteed the basic livelihood of retirees, and made new progress in the reform of the old-age insurance system for enterprise employees. 2. However, because this reform is still in the pilot stage, there were still some problems at that time, such as the disunity of the basic old-age insurance system, the heavy burden on enterprises, the low level of overall planning and the imperfect management system. In accordance with the objectives and principles set by the CPC Central Committee and the State Council, we should further accelerate the pace of reform, establish a unified basic old-age insurance system for enterprise employees, and promote healthy economic and social development. Therefore, the State Council issued the Decision of the State Council on Establishing a Unified Basic Old-age Insurance System for Enterprise Employees on June 6 1997, and the basic old-age insurance has been on the right track since then. 3. After the above documents were issued, local governments successively issued their own implementation plans. Although the time is not uniform, it is mandatory. For example, Guangdong Province stipulates: "All kinds of enterprises and individual industrial and commercial households must participate in social endowment insurance, and shall truthfully declare the total payment and announce it to all employees; Fill in the salary report to the statistics department and send a copy to the social insurance department. Enterprises that have been in arrears for a long time and are unable to repay the old-age insurance premiums for free can use fixed assets or real objects to offset the insurance premiums owed. For enterprises that refuse to participate in social insurance and avoid paying insurance premiums, in addition to economic penalties according to regulations, the administrative and economic responsibilities of the person in charge of the enterprise should also be investigated. "

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.