What's wrong with five insurances and no pension?

Legal analysis: Endowment insurance is an important part of social security system and one of the five most important social insurances. The so-called endowment insurance (or endowment insurance system) is a social insurance system established by the state and society according to certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age. Social security pension is the basic welfare guarantee of society. Men and women enjoy the pension every month when they reach the designated retirement age (measured by the lowest average living standard of society at that time)! You can enjoy it to death. It is a very good pension, but if you don't live to a certain retirement age, this pension plan will disappear, and the consumption level of each family is different, so it is still a question whether the social security pension is enough.

Legal basis: Article 54 of People's Republic of China (PRC) Rural Revitalization Promotion Law, the state improves the social security system of urban and rural planning, establishes and improves the security mechanism, and supports rural areas to improve the level of social security management services; Establish and improve the mechanism for determining the basic old-age insurance benefits for urban and rural residents and the normal adjustment of basic pension standards to ensure that the basic old-age insurance benefits for urban and rural residents are gradually improved with economic and social development. The state supports farmers to participate in the basic old-age insurance and basic medical insurance for urban and rural residents in accordance with regulations, and encourages qualified flexible employees and agricultural industrialization employees to participate in social insurance such as basic old-age insurance and basic medical insurance for employees. The state promotes the coordinated development of the urban and rural minimum living security system, improves the level of social assistance such as poverty alleviation in rural areas, strengthens care services for rural left-behind children, women and the elderly, the disabled and children in distress, and supports the development of inclusive old-age care services and mutual assistance for the elderly in rural areas.