1, endowment insurance is a kind of business, which is divided into commercial endowment insurance and social endowment insurance, and the national social security department is social endowment insurance.

2, the pension, which is what we call the retirement fee, can be collected monthly when the insured reaches the specified age and meets the conditions for collection.

3. Pension fund refers to the funds that support huge social endowment insurance expenditures and are deposited in social insurance departments at all levels in the country for various expenditures of endowment insurance.