During the Lujiazui Forum, Cai Xiliang, Vice Chairman of China Life Insurance Group, stated that as of the end of last year, the number of participants in the first pillar basic endowment insurance was 1.07 billion, the number of participants in the second pillar enterprise annuity and occupational annuity was nearly 76 million, and the third pillar was personal pension. The number of accounts opened as of the end of last year exceeded 49 million, and the account idle rate was about 70%. Not only is the third pillar a weak point, but the second pillar also has weaknesses. The coverage rate of enterprise annuity is still relatively low, and action must be taken as soon as possible to optimize the pension finance policy system, vigorously enhance the appeal and coverage of the second and third pillars, and effectively solve the problem of insufficient pension reserves.