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Detail
ArtikelSocial Security with Chinese Characteristics; Pensions  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 404 no. 8797 (Aug. 2012), page 13-14.
Topik: Pensions; Retirement Planning; Social Security; Trends
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  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE29.73
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelIn 2009 less than 30% of China's adults were covered by the government's pensions patchwork. The only cushion for most rural folk was their field and their family. Since then, however, pensions have spread at extraordinary speed. The audit office says that China's social-security system is now "basically" in place. That is an historic achievement. But "basic" is still the right word to describe Chinese pensions, which vary enormously between town and country, prosperous east and poorer west, private sector and public. In some rural counties the basic pension can be as low as 55 yuan (about $8.75) per month. China's system does not, therefore, share the European problem of overgenerosity. But it does suffer, like Europe's, from underfunding. In the cities, workers are obliged to supplement the state pension with contributions to individual accounts. In the countryside, they are encouraged to do the same.
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