Why can't social security cover your basic pension needs?

In fact, the most fundamental reason is the lack of financial funds in China. Zheng Gongcheng can be said to be a leader in the field of social security in China, and he participated in the construction of social security system in China. If you are interested, you can read his paper, and you will find that the theoretical development of social security academic circles in China is relatively sound and perfect. But why can't it be realized in real life? Doesn't the government know that it is better to implement it according to the theory discussed? No, it can only be said that the government has no money. At the same time, the development time of China's endowment insurance is too short. The theme also mentioned that after more than ten years' development ... the mode of combining unified account with old-age insurance was established by 1997, the enterprise annuity was implemented in 2004, and the occupational annuity was implemented only a few years ago. The development time is really short ... And the national nature of China determines that we are not poor but unequal. Although the basic old-age insurance for urban workers, urban residents and rural residents has been established, the development of these three factors is not commensurate. There are still many rural areas in China that are not covered by this system. While expanding the coverage, the government will certainly reduce its attention to improving the level. China's social security system mainly includes social insurance, social assistance and social welfare. The specific explanation of social insurance is the familiar five insurances and one gold, namely, endowment insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance and provident fund. These all need financial support. Social security alone includes so many items, and other aspects can be imagined.

?