By Mark C. Dorfman,Robert Holzmann,Philip O'Keefe,Dewen Wang,Yvonne Sin,Richard Hinz

ISBN-10: 0821395408

ISBN-13: 9780821395400

entire reform of China’s pension and social defense process is a necessary portion of reaching its targets of a harmonious society and sustainable improvement. over the last few years, the govt. has thought of a number of suggestions and initiated a number of major measures. In 2009 the professionals confirmed a countrywide framework for rural pensions, the agricultural Pension Pilot application (RPPP) and in 2011 a Pilot Social Pension assurance for city citizens introduced. during this method, it has articulated rules for a reformed city pension approach (indicated via 12 chinese language characters ) that are “broad insurance, protects on the easy point, is multi-layered, and sustainable” whereas the foundations for the agricultural process (indicated via 12 characters ) are “broad assurance, protects on the uncomplicated point, versatile, and sustainable.” those ideas underpin the commitments made on the seventeenth occasion Congress in the direction of a accomplished and built-in social defense approach via 2020.
Although massive reforms of the pension procedure were undertaken during the last 20 years, a few policymakers have steered that extra reforms are had to meet the wishes of China’s swiftly altering financial system and society. concerns reminiscent of legacy bills, procedure fragmentation and constrained insurance haven't been totally addressed. whilst, many new demanding situations have emerged resembling speedy urbanization, elevated source of revenue inequality and urban-rural disparities, better informalization of the exertions strength, alterations in kinfolk constitution, and the results of elevated globalization.

This record has been ready on the request of the Ministry of Finance to improve a medium time period imaginative and prescient of a holistic framework that may be discovered via 2040 for strengthening previous age source of revenue defense in China that is in keeping with the foundations defined within the 12 characters and layout ideas in the direction of attaining it. the most physique of this file outlines this imaginative and prescient – summarizing the main positive factors of a proposed medium-term pension method – whereas the annexes give you the deeper research and context which underpins the strategies contained herein.

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China's Pension System: A Vision (Directions in Development) by Mark C. Dorfman,Robert Holzmann,Philip O'Keefe,Dewen Wang,Yvonne Sin,Richard Hinz

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