Basic pension and personal account pension. Basic pension consists of basic pension and personal account pension. The basic old-age insurance is a system enforced by the state through legislation, which aims to ensure that workers get basic living security when they lose their ability to work in old age. Applicable to all kinds of enterprises and employees, and the standards are basically unified. The expenses are shared by the state, enterprises and individuals, and social pooling and individual accounts are combined. Every employee has a life-long pension insurance account, and the individual contributions and the retirement pooling fees paid by the employer are included in the personal account. No matter where employees work, as long as individuals and units pay fees, they will be included in personal accounts.