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(A) to protect the basic livelihood. The purpose of the basic china old-age insurance is to leave the labor of workers, after the basic living area to be protected. This principle greater emphasis on social equity, is conducive to lower income groups. In general, the basic pension replacement rate of low-income people (defined as wage income when the pension is equivalent to the proportion of working) higher, while high-income population replacement rate is relatively low. Workers can also participate in supplementary pension insurance (annuity) and personal savings of old-age insurance, get a higher pension income. (B) The combination of equity and efficiency. The level of china old-age insurance benefits should not only reflect the social justice, but also reflect the differences between individuals in maintaining social justice, emphasized the efficiency of old-age insurance for the promotion of the role. (C) correspond to the rights and obligations. Most countries in the basic china old-age insurance system for the implementation of rights and obligations of both corresponding to the principle that the insured is only required to fulfill obligations in order to enjoy the provisions of the pension insurance benefits. These obligations include: participating in basic pension insurance according to law; basic old-age insurance premium paid in accordance with law and meet the minimum payment years. Basic old-age insurance benefits to old-age insurance as a condition of payment, and with time to make payments directly related to the length and the amount. (D) Management Services socialization. In accordance with the principle of separating political affairs, the Government commissioned or the establishment of social institutions to manage pension insurance services and funds. To establish an independent enterprises and institutions outside the pension system, it is necessary to implement the community-based distribution of pensions and retiree communities rely on the management of services. (E) share the social and economic development outcomes. A general increase in social consumption levels of the circumstances, the actual standard of living of retirees may be down. Therefore, it is necessary to establish the basic pension adjustment mechanism, so that retirees with income levels of socio-economic development and raise the level of wages for workers constantly enhanced in order to share the results of socio-economic development.

This is the basic principles of china old-age insurance .