provide suggestions and references for the better development of the personal pension system.

Abstract

Against the background of population aging, the overall pension pressure in China's society has gradually increased, and the pay-as-you-go basic pension policy can no longer satisfy the pension structure of the population at this stage, coupled with the meager support of the second pillar of the pension, China formally introduced the personal pension policy in 2022 to supplement the pension function of the first two pillars. However, due to various reasons, the personal pension system at this stage still has many defects, the number of participants is relatively small, and does not play its third pillar function well. At present, many scholars have conducted research on this system, and this study summarizes and improves it on the basis of previous relevant literature and the own views, describes the relevant background, policy shortcomings and puts forward suggestions and prospects, aiming to provide suggestions and references for the better development of the personal pension system.