Probe - Accounting, Auditing and Taxation

Comparative Analysis of the Third Pillar Pension Policies in Europe, America and Other Developed Countries and Implications for China

Xiao Zheng

State Information Center, Beijing , Xicheng District, No. 58 Sanlihe Road, 100045

DOI: https://doi.org/10.59429/paat.v6i2.6958

Keywords: Third pillar pensions, comparative analysis and implications

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Abstract

The third pillar pensions in China represent a critical mechanism for significantly expanding the pension system and optimizing its structure in the forthcoming period. Developed nations, such as those in Europe and North America, have proactively advanced the third pillar pensions to address demographic aging, utilizing policies that actively incentivize participation, ensure value preservation and growth of assets, and strengthen operational oversight. Hence, it is advisable to draw on the policies of third pillar pensions in these nations to diversify forms of participation, extend benefits to broader groups, enhance market entry conditions for sustained value growth, and standardize industry development to secure fund safety.

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