1. National legislation is mandatory, and all enterprises, units and individuals must participate. Those who meet the conditions for providing for the aged can go to the social insurance department to receive a pension.

2. The source of general endowment insurance expenses is shared by the state, units and individuals, or shared by units and individuals to achieve extensive social mutual assistance.

3. Endowment insurance is social, with great influence, large number of people enjoying it for a long time and huge cost. Therefore, it is necessary to set up specialized agencies to implement unified planning and management of modernization, specialization and socialization.