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China's Pension System: A Vision

China's Pension System: A Vision

Paperback

Series: Directions in Development - Human Development

LaborGeneral Political ScienceSocial Movements

ISBN10: 0821395408
ISBN13: 9780821395400
Publisher: World Bank Publications
Published: Feb 28 2013
Pages: 262
Weight: 0.78
Height: 0.55 Width: 6.00 Depth: 9.00
Language: English
Comprehensive reform of China's pension and social security system is an essential element of achieving its objectives of a harmonious society and sustainable development. Over the past few years, the Government has considered various options and initiated several significant measures. In 2009 the authorities established a national framework for rural pensions, the Rural Pension Pilot Program (RPPP) and in 2011 a Pilot Social Pension Insurance for Urban Residents announced. In this process, it has articulated principles for a reformed urban pension system (indicated by 12 Chinese characters ) which are broad coverage, protects at the basic level, is multi-layered, and sustainable while the principles for the rural system (indicated by 12 characters ) are broad coverage, protects at the basic level, flexible, and sustainable. These principles underpin the commitments made at the 17th Party Congress towards a comprehensive and integrated social security system by 2020.

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Social Movements