Old-age insurance for urban residents is a kind of welfare treatment given by the state to groups with urban hukou but no job or participation in old-age insurance for urban employees. It is an old-age insurance system covering non-employees with urban hukou. The more individual contributions, the more government subsidies.

legal ground

Article 1 1 of the Social Insurance Law

The basic old-age insurance combines social pooling with individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 22

The state establishes and improves the social endowment insurance system for urban residents. The people's governments of provinces, autonomous regions and municipalities directly under the Central Government may, according to the actual situation, combine the social endowment insurance for urban residents with the new rural social endowment insurance.