In the past year，the size of the population covered by China’s basic pension insurance continued to expand，affected by the COVID-19，the current fund income was less than the expenditure，and the cumulative fund balance declined in size. The pension levels of both urban workers and urban and rural residents have been increased. The policy of guaranteeing the old-age insurance for the poor has been further strictly implemented，and the phased reduction and exemption measures have reduced the payment pressure for enterprises and individuals. The provincial unified collection and expenditure of the basic old-age insurance fund has been fully realized on schedule，and the work of enriching the social security fund by state-owned capital at the central level has been fully completed. The next step is to steadily promote the national coordination of basic pension insurance with comprehensive measures，vigorously address the unbalanced and insufficient development of the multi-level pension insurance system，promote the standardized development of the second and third pillars，systematically study a scientific and reasonable delayed retirement program and related supporting policies，and promote the construction of a more balanced and efficient pension insurance system.