how do you do? Public pension institutions provide basic public pension services. The so-called public service is organized by the state or the collective, not for profit, so it belongs to public welfare. Private nursing homes are non-public welfare institutions. Private-run refers to organizations or individuals outside the national government as the main organizers, generally registered in the industrial and commercial departments, following market rules and being responsible for their own profits and losses. The profit-seeking nature of private enterprise pension institutions determines that it should be non-public.