Traditional endowment insurance system

The so-called "dual-track retirement pension system" means that people with different employment properties adopt different retirement pension systems. Generally speaking, the dual-track pension system is a special product of the transition from planned economy to market economy. This is because the reform of China's urban endowment insurance began with enterprises, which first socialized, while institutions and institutions were still managed by units. In this process, a gap was formed. Specifically, the reform of China's urban endowment insurance system and the formation of the "dual-track pension system" mainly have three stages. First, the establishment stage of the traditional old-age insurance system (1951-1978); Second, the exploration stage of social pooling of endowment insurance system (1978- 199 1 year); The third is the practical stage of the old-age insurance system combining social pooling with individual accounts (199 1 to 20 14).

20 15, 1 65438 the State Council issued "the State Council's decision on the reform of the old-age insurance system for staff in government agencies and institutions", and decided to reform the old-age insurance system for staff in government agencies and institutions from 20 14, 1 65438 June 6.

This marks the end of the pension "dual track system" that has existed for nearly 20 years, and nearly 40 million employees of government agencies and institutions will pay pensions like employees of enterprises.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.