At present, China's domestic areas implement a partially accumulated endowment insurance system, which means that our endowment insurance premium is managed in two parts, one is the national overall planning part, and the other is the personal account. The national overall planning part of the endowment insurance fund is the pay-as-you-go part.

1. The basic endowment insurance fund for urban employees in China mainly comes from three sources, one is the part paid by individual employees, the other is the part paid by enterprises for employees, and the third is the national financial allocation. In fact, the national overall planning of endowment insurance refers to the national overall planning of endowment insurance funds, that is to say, except for individual accounts, other funds are managed and distributed uniformly throughout the country.

2. The Central Economic Work Conference proposed to reform and improve the basic old-age insurance system and speed up the national overall planning of old-age insurance. In 20 18, China will take the first step of national overall planning of basic old-age insurance, implement a central adjustment system, and balance the burden of old-age insurance in different regions. so far