Download China's Pension System: A Vision by Mark C. Dorfman PDF

By Mark C. Dorfman

Finished reform of China's pension and social safeguard process is an important section of attaining its pursuits of a harmonious society and sustainable improvement. over the last few years, the govt has thought of a number of strategies and initiated numerous major measures. In 2009 the professionals confirmed a countrywide framework for rural pensions, the agricultural Pension Pilot software (RPPP) and in 2011 a Pilot Social Pension assurance for city citizens introduced. during this technique, it has articulated ideas for a reformed city pension method (indicated by way of 12 chinese language characters ) that are 'broad assurance, protects on the easy point, is multi-layered, and sustainable' whereas the rules for the agricultural method (indicated via 12 characters ) are 'broad insurance, protects on the simple point, versatile, and sustainable.' those rules underpin the commitments made on the seventeenth occasion Congress in the direction of a entire and built-in social protection procedure by way of 2020. even supposing monstrous reforms of the pension approach were undertaken during the last 20 years, a few policymakers have advised that extra reforms are had to meet the desires of China's quickly altering economic system and society. concerns comparable to legacy bills, process fragmentation and restricted assurance haven't been totally addressed. even as, many new demanding situations have emerged equivalent to speedy urbanization, elevated source of revenue inequality and urban-rural disparities, better informalization of the hard work strength, adjustments in relatives constitution, and the consequences of elevated globalization. This record has been ready on the request of the Ministry of Finance to advance a medium time period imaginative and prescient of a holistic framework that may be learned by means of 2040 for strengthening outdated age source of revenue safety in China that is in line with the rules defined within the 12 characters and layout recommendations in the direction of reaching it. the most physique of this file outlines this imaginative and prescient -- summarizing the major gains of a proposed medium-term pension approach -- whereas the annexes give you the deeper research and context which underpins the suggestions contained herein.

Show description

Read Online or Download China's Pension System: A Vision PDF

Best personal finance books

The Naked Millionaire: A women's guide to building a healthy relationship with money

Monetary difficulties don’t stem from our shortcomings; they stem from our distorted perceptions of cash.   you might have every little thing you wish. This e-book can help you ask the perfect questions. it might assist you locate the braveness to get “naked” and do the paintings to help you triumph over your monetary roadblocks.

Love and Money: A Life Guide to Financial Success

"The monetary judgements we make in our lives are often now not the best to debate yet have long-lasting results. [Opdyke's suggestion] has opened the door in my courting to conversations that have been decades coming. " -Josh, usual reader of Opdyke's "Love & funds" column, Florida genuine solutions to actual questions on cash and relationships: * i've got an excessive amount of debt and my credits is not solid.

Kiplinger's Practical Guide to Your Money: Keep More of It, Make It Grow, Enjoy It, Protect It, Pass It on

No matter what their monetary degree of existence, readers will locate priceless, real-world suggestion during this finished advisor from the corporate that pioneered own finance journalism.

J.K. Lasser's The New Bankruptcy Law and You (J.K. Lassers)

A entire consultant to the recent financial ruin law--and what it potential for youSweeping alterations to U. S. financial ruin law--the first significant adjustments to the legislation in twenty- seven years--are taking place without delay. if you are unexpected with the recent financial ruin legislation and the way it will probably have an effect on you, this publication will fast get you in control.

Extra info for China's Pension System: A Vision

Sample text

Such contribution rates create incentives for weak labor force coverage, wage underreporting, and early exit from the labor force just as China’s labor markets become increasingly competitive (see appendix B and box 1). Weak compliance enforcement and high minimum contributions for low-income workers also contribute to poor coverage. Migrant and informal sector employees have generally not participated in the urban old-age insurance system, although pilot provisions for migrants have provided lower contribution rates.

It first examines key trends motivating the need for reform then outlines the proposed three-pillar design and the rationale behind the design choices. It then moves on to examine financing options. The text continues by discussing institutional reform issues, and the final section concludes. The six appendixes provide additional analytical detail supporting the findings in the main text. Appendix A evaluates the ­pensions needs of nonwage rural and urban citizens and outlines the rationale for the instruments proposed.

It then moves on to examine financing options. The text continues by discussing institutional reform issues, and the final section concludes. The six appendixes provide additional analytical detail supporting the findings in the main text. Appendix A evaluates the ­pensions needs of nonwage rural and urban citizens and outlines the rationale for the instruments proposed. Appendix B evaluates a notional or nonfinancial defined-­contribution design as applied to China’s urban old-age insurance system.

Download PDF sample

Rated 4.70 of 5 – based on 37 votes