Author(s)

Guanghui Liu and Congcong Zhao

Corresponding Author

Guanghui Liu

Abstract

This year marks the 70th anniversary of the founding of the People's Republic of China. After years of ups and downs, China's social endowment security system has achieved a remarkable achievements. Among them, the construction of a "consolidated account" of social pension security system consisting of the basic pension security system for enterprise employees, and the basic pension security system for the urban and rural residents, the pension security system for institutions. When analyzing the existing problems of the multi-track reform of the old-age security system, the main starting point is the unfair and realistic contradiction existing in the social old-age security system, unsustainable risk expectations, the cost of reforms, and the institutional defects of legal regulations. Develop a new path for the transformation of a new multi-track system of social security for the elderly, coordinating and progressing in a variety of aspects, including consumer pensions, housing pensions, sustainable and multi-level social pension security systems.

Keywords

Social security multitrack system; Consumer pension; Housing Endowment; Security System