The "three pillars" of pension insurance are basic pension insurance, enterprise annuity and individual commercial pension insurance.

Basic pension insurance is a social insurance system that the state compulsorily establishes and implements in accordance with laws and regulations.

Under this system, employers and workers must pay pension insurance premiums in accordance with the law. After workers reach the retirement age stipulated by the state or quit their jobs for other reasons, the social insurance agency will pay them pensions and other benefits in accordance with the law.

, thereby guaranteeing their basic life. Extended information: Endowment Insurance (Endowment Insurance) is the state's solution in accordance with relevant laws and regulations to solve the problem of workers who have reached the working age limit for being relieved of their labor obligations or have quit their jobs due to old age and loss of working ability.

A social insurance system established to guarantee their basic livelihood.

The purpose is to use social insurance as a means to protect the basic living needs of the elderly and provide them with a stable and reliable source of living.