Is the dual-track pension system reasonable?

I think it's reasonable. Legal analysis: pension inversion generally means that the treatment level of new retirees is lower than that of similar retirees in the previous year.

Since 2006, the state and province have continuously raised the pension level for many years, making the annual adjustment of pension higher than natural growth, resulting in the pension level of retirees in the last social security year being higher than that in the next social security year, forming an upside-down pension. As the term of the old government expired, the new policy has not yet been promulgated. From July, the pension subsidy for new retirees will be stopped, with a monthly reduction of 535 yuan. In this regard, the Guangzhou Municipal Bureau of Human Resources and Social Security made a special explanation yesterday, clearly indicating that new measures will be introduced as soon as possible to solve the wage gap between new retirees and new retirees. The upside-down standard determined by the new method will be reissued from the month when retirees receive the basic pension for the first time.

Legal basis: Article 10 of the Social Insurance Law of People's Republic of China (PRC) * * * Employees shall participate in the basic old-age insurance, and both employers and employees shall pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council. 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.