1, the wages of state-owned enterprises are all distributed according to work, and distribution according to labor factors refers to the wage income earned by workers in private enterprises and foreign-funded enterprises.

2. China's pensions are mainly divided into two categories: retirement pensions for government agencies and institutions and retirement pensions for enterprise employees.

3. The calculation basis of the basic pension for enterprise retired employees is the average social wage. Taking the "newcomers" of the old-age insurance system for urban workers as an example, the calculation formula of the basic pension is as follows:

Pension = (average salary of local employees in the previous year+average monthly payment salary) /2×[ payment period (including deemed payment period) × 1%]+ months of personal account storage/calculation (50 years old195,55 years old170,60 years old/kloc-0)