Is pension planning the same as social security?

Legal analysis: Pension planning is different from social security. Different in nature, characteristics and functions. Social old-age insurance, the full name of social basic old-age insurance, is the working age limit for the state and society to solve the labor obligation of workers according to certain laws and regulations. Social pooling refers to the large-scale unified collection, management and use of social insurance funds by social insurance agencies within the territorial scope. This system adopts the traditional basic endowment insurance fund raising model.

Legal basis: Article 2 of People's Republic of China (PRC) Social Insurance Law The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance. To ensure citizens' right to receive material assistance from the state and society in accordance with the law in cases of old age, illness, work injury, unemployment and maternity.