Huang Hong, vice chairman of the China Banking Insurance Regulatory Commission, said at the sub-forum of the 2018 China Development Forum “Aging Society and Pension Industry” that commercial insurance should become the main provider of the third pillar of the pension security system. Huang Hong believes that the basic pension, enterprise annuity and personal commercial pension undertaken by the government constitute the first pillar, the second pillar and the third pillar of the old-age security system. When a country solves the problem of pension, it must establish the responsibility of the government, enterprises and individuals. system. The status quo of China's old-age security system is the basic old-age pension, and the overall development is uneven and inadequate. Although personal commercial pension is a supplement to basic old-age pensions and enterprise annuities, with the support of the government, it can completely become one of the pillars of residents' pension, and effectively alleviate the imbalance of the current pension system. With the aging of the aging, the three pillars of China's old-age security system need to work hard, and the weakest third-pillar personal commercial pension should start the pilot of a tax-deferred commercial pension insurance as soon as possible, and make up for the shortcomings. The construction of the old-age security system has entered a new stage of development.