Excerpts: The expense on supplementary pension insurance for the employees borne by the enterprises as per relevant regulations should be deduced from the taxable incomes, the deduction up to 5% of the total salaries paid to the employees. The insurance institutes are encouraged to actively develop supplementary insurance products aimed for rural and urban residents, land-levied farmers, etc. A liability insurance system for the elder nurseries should be put in place. Each municipality should leverage the public welfare fund of the welfare lottery to subsidize the elder nurseries for no less than 30% of the premium paid for the liability insurance.