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Old Age Security : Pension Reform in China, Paperback / softback Book

Old Age Security : Pension Reform in China Paperback / softback

Part of the China 2020 S. series

Paperback / softback

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Description

This work highlights two severe difficulties with China's current pension system: the urgent and immediate problem of the pension burden placed on state-owned enterprises; and the longer-term predicament arising from a rapidly ageing population.

The study recommends a unified pension system that includes both mandatory funded individual accounts and a social insurance scheme.

It also endorses a sustainable contribution rate that attaches considerable importance to long-term financial viability, and examines the risks associated with low compliance rates and low interest rates.

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£17.50

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