FulFilling Promises; Pensions  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 404 no. 8797 (Aug. 2012), page 27-28.
Topik: Pensions; Social Security; Older People; Population Growth; 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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Public pensions are fairly new to China's countryside. Security in old age used to mean the family farming plot, not a pension pot. But by the end of last year 326m rural residents had been enrolled in a public pension, according to the Ministry of Human Resources and Social Security. That is an increase of over 240m since 2009, when China rolled out a new rural programme, based on pilot schemes in places like Heijingying. This wave of rural Chinese joins nearly 300m city dwellers enrolled in a variety of urban pensions. Add them all up, and China's social-security system is now "basically" in place, the National Audit Office (NAO) has just said. That is just as well, because the system will soon have a lot to cope with. The number of Chinese aged 60 or more is projected to grow from 181m today to almost 390m in 2035, almost a quarter of the world's total. And only two working-age Chinese will support every person in retirement.

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