The establishment of a mechanism for sharing the profits of state-owned assets among the people is crucial for imple-menting a socialist system based on universal ownership.This mechanism ensures that all individuals can benefit from the profits generated by state-owned assets that belong to them collectively.One feasible approach to achieve this is by using a portion of the profits from state-owned assets to establish a common pension system,which provides a socialist-oriented pension equally to all eld-erly individuals who have reached a certain age(based on the general retirement age of the country).This system not only ensures sustainable,equal,and stable basic livelihood security for the elderly but also stimulates consumption of products from state-owned enterprises.Additionally,it helps preserve and appreciate the value of state-owned assets and ensures the sustainability of the sys-tem.Compared to using state-owned capital directly to supplement basic pension insurance for urban workers,the establishment of a common pension system effectively addresses the issue of payment gaps in basic pension insurance.This proposal introduces new i-deas for constructing a mixed pension security system in the socialist market economy with Chinese characteristics,wherein the com-mon pension and basic pension insurance complement each other.
sharing the profits of state-owned assets among the peoplecommon pensionbasic pension insurancemixed pen-sion security system
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