individual pay part of the whole into personal accounts. Pay fixed number of year for 15 years in a row (individual cannot surrender) meet these conditions, can be in after retirement, get old-age pension by the month. Pension consists of two parts, part fundamental annuities, roughly within the last year's provincial administrative regions where pensioners worker is mean monthly 20% of basic salary, the part paid by society to plan as a whole, the other part is an individual account annuities, is a person with one over one hundred and twenty of the amount of total fee. Society as a whole the money in the account, not belong to a particular person, Buy Gucci Belt to all people in one area (the size of the area, is the level as a whole, namely each said retirees, as a whole from the society has a right to receive part of the pension account. Now Gucci Belt is the highest level of social security of provincial plan as a whole. In the past the railway, civil aviation, finance and other industries as a whole, is now into place to plan as a whole) of the money in the individual account, belongs only to you personally, one to one correspondence. Society as a whole reflect in all aid sex, individual account reflects the self protection and incentive. Generally there are two kinds of endowment insurance system in the world pattern: pay-as-you-go (pay - as - you - go) and full funding (fullyfunded). Pay-as-you-go,
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fake gucci belt le put their money into personal accounts, retirement, you can receive the principal and interest. Buy Gucci Belt soon this system have been abandoned, because after the depression between 1929-1933, the accumulated wealth of old people had almost wiped out, and the personal account fund, need to have special organization management, guarantee the value, the American people worried that these institutions will produce corruption, money is not safe, so quickly into a pay-as-you-go. American pension system also exist problems, pay-as-you-go obviously lack of efficiency, the famous example of this is a woman called (IdaFuller) fleur, she only made a payroll tax of $24.85, Buy Gucci Belt lived for 99 years,
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