Legal analysis: Basic pension, also known as pension and retirement fee, is the most important pension insurance treatment. That is to say, according to the relevant documents of the state, after the workers are old or lose their ability to work, according to their contributions to society and their qualifications for enjoying old-age insurance or retirement conditions, the insurance benefits paid monthly or once in cash are mainly used to protect the basic needs of employees after retirement. Basic pension consists of basic pension, personal account pension and transitional pension, that is, basic pension = basic pension+personal account pension+transitional pension. Among them, the transitional pension, because China's old-age insurance system began to be gradually established in the 199 s, is not enjoyed by everyone as a transitional arrangement.

Legal basis: Social Insurance Law of the People's Republic of China

Article 11 The basic old-age insurance shall combine social pooling with individual accounts. The basic old-age insurance fund consists of employer and individual contributions and government subsidies.

article 12 an employer shall pay the basic old-age insurance premium in proportion to the total wages of its employees as stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium according to the proportion of their wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit, and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premium in accordance with the provisions of the state and record it in the basic old-age insurance pooling fund and individual account respectively.

article 13 before employees of state-owned enterprises and institutions participate in the basic old-age insurance, the basic old-age insurance premiums that should be paid during the period of deemed payment shall be borne by the government. When the basic old-age insurance fund is under-paid, the government gives subsidies.