Abstract

China’s pension system mainly includes Civil Servant Pension System, the Endowment Insurance of Urban Workers and Endowment Insurance for Urban and Rural Residents, which is a fragmented state. This article hopes to establish a step-by-step integration of the endowment insurance system, in which the pension benefits of different regions and different occupation personnel only are related to labor input, so as to realize social fairness. The integration of the endowment insurance system consists of state pension, the employee pension and employment annuity system and personal saving pension. Keywords—The Endowment Insurance System; Integration; The Four Pillar; Fragmentation

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