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Why is the size of social pension fund expenditure the largest?

The proportion of elderly people is getting higher and higher, and the social security contributions paid by young people are not enough to support the normal expenditure of pensions, which leads to more and more pressure on the pension fund pool

China's social security fund rankings for the first time stepped into the top ten in 2021, and it became one of the world's five largest Asian pension funds. So the largest social security fund is the pension fund.

Pension insurance, the full name of the basic social pension insurance, is a social insurance system established by the state and society according to certain laws and regulations for the basic life of workers after they reach the working age limit set by the state for the discharge of labor obligations, or withdraw from the workforce due to the loss of labor capacity in old age.