UK And US Pension System And The Enlightenments For China

Pension system generally refers to the system of pension funds pooling, management, operation and provision , which is designed or formed in the certain society under the certain historical conditions. In China, as the main part of modern social insurance system and social security system, retirement and old-age system has been played an important role in the reform of social security system. After years of efforts, the reform of retirement and old-age system has made huge progress, but some problems remain. We need to summarize former experiences and lessons of the reform and to learn overseas successful practices as well according to China's national conditions.As one of the few countries in Europe that is not facing a serious pension crisis, the UK is at advanced level in terms of solving aging pressure. Another good example is the US, which is one of the countries with the most developed and oldest retirement insurance system. After nearly 200 years of development, the US has set up nearly perfect multi- pillar old-age insurance system gradually. Such kind of pension system with wide coverage, multiple types, complete items and strict regulation is worth learning for China.For UK and US pension system, studying the development courses systemically, expounding the "three-pillared" frameworks completely, exploring the latest reform trends actively and summarizing the lessons and enlightenments objectively are of great importance for China's old-age insurance system reform both in terms of theory and practice.