Were it not for the tax relief they receive, contributors to personal pension plans would have been better off keeping their money under their mattresses.

如果不是有税收减除，与其将钱放到养老金计划里，还不如藏到床垫下面。

Vested right of enterprise annuity refers to the ratio that enterprise's contribution to employee personal pension accounts credited to individual accounts in labor contract period.

企业年金中的既得受益权是指劳动合同期内，企业向员工个人年金账户供款记入个人账户的比例。

trillion in personal and company pension schemes. It is logical that older people should have accumulated more wealth than younger ones.

老年人应该累积了比年轻人多的财富，这是合情合理的。

This brought in the idle account issue in the pension personal account.

这使得养老金个人账户存在严重的“空账运转”问题。