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What does the social endowment insurance gap mean?
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Xiao Nuo answer:
Hello!
Social endowment insurance is an important part of China's basic social security system and the most important of the five social insurances. Its fund is composed of overall fund and personal account pension, which is mandatory to some extent.
The gap of social endowment insurance refers to the amount in personal account in name only when the income and expenditure of social endowment insurance are inconsistent and the income is obviously lower than the expenditure. If the gap of social endowment insurance is getting bigger and bigger, it will cause the next generation to bear great pressure.
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