The proportion of elderly people is getting higher and higher, and the social security fees paid by young people are not enough to support the normal expenditure of pensions, which leads to increasing pressure on the pension fund pool.

In 20021year, China social security fund ranked among the top ten for the first time, becoming one of the five largest Asian pension funds in the world. So the biggest social security fund is the endowment insurance fund.

Old-age insurance, the full name of social basic old-age insurance, is a social insurance system established by the state and society according to certain laws and regulations for workers to reach the working age limit stipulated by the state to terminate their labor obligations or to retire from their jobs because of old age.