China people's way of providing for the aged and its development.

At present, China's old-age service model mainly relies on traditional families, institutions and communities. Family pension, institutional pension and community home pension are three basic pension models in China. Family pension is a traditional pension model; Nursing home is a socialized pension model; Community home-based care for the elderly is a kind of care for the family and society. With the deepening of aging, the traditional old-age care model can no longer fully meet the current old-age care needs. It is a trend to seek new multi-dimensional and compound governance methods to solve the multi-level needs of the elderly.

Legal basis:

People's Republic of China (PRC) social insurance law

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premium should be paid by the government during the payment period. When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.