Aging Population

[ 2005-07-25 16:48:56 pm | Author: Admin ]
Under the planned economy, the Chinese government took care of pension, medicare and other welfare of all civil servants, and workers of enterprises and institutions. As China has entered an aging society, the number of retirees is increasing, and some enterprises have more retirees than people on their pay roll, resulting in great burdens to the enterprises. Since the 1990s, China has actively promoted the reform of the old-age, unemployment and medical insurance systems; and the State Council has promulgated the Regulations on Unemployment Insurance, the Interim Regulations on the Collection of Social Insurance Premium, and the Regulations on Guaranteeing Urban Residents' Minimum Standard of Living, providing legal guarantee for the implementation of the social security system. Now a social security system integrating old age, unemployment and medical insurance has taken initial shape, which is separated from enterprises and institutions and managed by social forces. 

The coverage of basic old-age insurance has constantly expanded from state-owned enterprises and collectively-owned enterprises to enterprises of various types and institutions administered along the lines of an enterprise. The security rights and interests of employees at non-state enterprises are also guaranteed. By the end of 2001, a total of 108.02 million working staff and 33.81 million retirees in China had participated in the basic old-age cooperative insurance program.

Chinese silk embroidery painting art from Suzhou

[Last Modified By Admin, at 2006-01-05 08:59:38]

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