China aims to revamp its pension system to support its evolving economy and population needs. The proposed system would unify urban and rural provisions to create a fairer, more inclusive structure. The suggested three-pillar design is intended to address gaps in coverage and promote labor market efficiency. Issues like multiple schemes, legacy costs, and low retirement ages currently impact the system's effectiveness. By boosting benefits, enhancing portability, and ensuring financial sustainability, the proposed reforms seek to improve old-age income protection and promote economic growth in China.