摘要
China currently has a three-pillar pension system in place to manage eldercare.The first pillar is the basic pension system that covers nearly 1 billion people,on which regular workers and residents depend.The second pillar,namely enterprise annuities,is taking shape,now covering more than 58 million people.The third pillar,the individual pension system,is still in the early stages of development.It corresponds to the overall social security system based on voluntary participation and the defined contribution principle by providing a supplementary income during retirement through various money management and investment programs.
