郑功成：发展企业年金、个人养老金和其他商业养老金融的关键，在于增强目标人群与养老金融的适配性

Core Insights - The key to developing enterprise annuities, personal pensions, and other commercial pension finance lies in enhancing the adaptability of target groups to pension finance, ensuring that those who are capable also have needs, and those who have needs also have the capability [3][7] Group 1: Current Challenges - There is a mismatch where capable individuals lack the need or willingness to invest in pension products, while those in need often lack the financial capability, leading to underdevelopment in enterprise annuities and commercial pension products [3][7] Group 2: Proposed Improvements - It is essential to clarify the basic role of public pensions, adjusting higher replacement rates downwards while raising lower replacement rates, and considering subsidies for low-income workers to encourage personal or commercial pension purchases [3][7] - The development of pension financial products that are appealing to customers, particularly enhancing value-added services, is crucial for the growth of a multi-tiered pension system [3][7] Group 3: Future Considerations - As the country approaches the "14th Five-Year Plan" period, it is important to rationally discuss the construction of a multi-tiered pension system and the development of pension finance, while preventing privatization and marketization from undermining the public nature and fairness of basic pension insurance [4][8] - Different tiers of pension systems should adhere to their respective rules, allowing each to flourish and contribute to the overall development of pension finance, which will support the construction of a strong financial nation and address the challenges of an aging population [4][8]