What is the dual-track system of social security?

The so-called social security dual-track system means that before 20 14 years ago, the calculation methods of pensions in enterprises and institutions were different, so it was called dual-track system, which means two different systems and concepts. Then this situation was actually broken after 20 14.

Because after June 20 14, 10, even the staff of government agencies and institutions need to participate in an employee pension insurance normally, and such an employee pension insurance is exactly the same as that of employees in our enterprise. In fact, they have achieved conceptual integration, but they are not completely integrated. Why? Because people in institutions who retire after 20 14 and 10 will be compensated for this transitional pension, and it also uses the principle of combining old and new methods to calculate the pension of institutions.