What does the partial fund endowment insurance model mean?
A way to raise funds. The partial fund-based pension insurance model is a financing model combining pay-as-you-go and full fund system, in which part of social security tax is used to pay the insurance benefits of current recipients and the rest is invested in government-managed funds. This model aims to give consideration to efficiency and fairness, which not only encourages employees to work hard and accumulate more, but also embodies economy.