Legal subjectivity:

Pension, also known as pension and retirement fee, is the most important social pension insurance treatment. That is to say, the relevant documents of the state stipulate that after the workers are old or lose their ability to work, according to their contributions to the society and their qualifications for enjoying old-age insurance or retirement conditions, the insurance benefits paid in monetary form on a monthly basis or at one time are the needs of benefiting the society and are mainly used to ensure the basic living needs of employees after retirement. Pensions are accumulated and operated on the principle of * * * accumulation by the state, the collective and the individual. When people are in the prime of life, part of the wealth created is invested in pension plans to ensure a sense of security in their old age. From 25 to 215, although the China municipal government raised the pension level of enterprise retirees for the 11th consecutive year, due to the great difference in pension level, currency depreciation and rising prices, all sectors of society were not "ungrateful". On the contrary, they were dissatisfied with and questioned the declining pension replacement rate year after year. The proportion of pension to wages has dropped for nine years, which has fallen below the international warning line. [1] On June 29th, 215, the Ministry of Human Resources and Social Security of China and the Ministry of Finance jointly issued the Measures for the Administration of Investment in Basic Endowment Insurance Funds, soliciting opinions from the public, and the deadline for feedback was July 13th, 215. [2] With the solid advancement of the pension reform, the number of insured persons continues to increase, and the scale of the fund continues to expand. The investment management measures for pension funds should be introduced in time. On August 23rd, the Chinese government website published the Measures for Investment Management of Basic Endowment Insurance Fund, which was officially promulgated and implemented by the State Council recently. This is a major event and breakthrough in the history of China's old-age insurance system reform, which indicates that trillions of basic old-age insurance funds are expected to become a new force in China's capital market. [3]