Inmoststates,publicpensionfundsdon'thaveenoughmoneytopayforbenefitsthey'vepromisedtogovernmentworkers.Theproblemisgettingworse.Overall,theshortfallacrossstatesg
“It’smuchbettertostayinthisnursinghomethanbeingatmyownhomealone,”85-year-oldBeijingcitizenLiuXiuqintoldCGTNonWednesday,notingitisdifficultforfamiliestoofferall-
Pensionsnotonlyhelpseniorcitizensleadadecentlife,butalsocanpromotere-employment.Sincepensionsareimportantpublicgoods,especiallyinanagingsociety,itisimportanttor
TheBritishgovernmenthasannouncedplanstoraisethestatepensionageto68sevenyearsearlierthanexpected.Thecountry'spensionagewillbehikedto68overtwoyearsstartingin2037,
By allowing local pension funds more latitude on investment, China has made a cautious but significant step to tackle the increasing challenges of an aging population.
As much as 300 billion yuan ($45.5 billion) in pension funds are expected to march into the stock market in August, as China's huge social security fund is closing up its hiring by June, Securities Daily reported on Wednesday.
State Council approves regulation allowing national fund to manage local surpluses
China's greenlighting of its pension fund to invest in the stock market failed to lift share prices on Monday, but economists expect the move to make trading less volatile in the long run.
China's State Council published the final guideline on investment for the country's massive pension fund on Sunday, effectively opening the gate for its investment into the stock market.
China's plan to unify its two-tiered pension system is expected to improve social equality by eliminating a major disparity between public and private employee benefits.
The State Council, China's Cabinet, announced on Wednesday the country will build a fair, unified and standardized pension system for its rural and urban population before 2020.
China's recently declared intention to unify pension schemes for rural residents and unemployed urbanites has won acclaim as a way to narrow the urban-rural gap, but challenges lie ahead.
Proposed reforms to the pension scheme for China's civil servants has grabbed public attention and divided opinion. The public is critical that government officials do not need to input into the country's pension pool but will enjoy higher annuities after retirement than their peers from enterprises and farming due to different schemes.
China finally agreed to the long-awaited tax deferral for corporate annuities, as authorities seek to address overwhelming pension demand through alternatives to the nation's mandatory pension fund.
China finally agreed to the long-awaited tax deferral for corporate annuities, as authorities seek to address overwhelming pension demand through alternatives to the nation's mandatory pension fund.
The state pension age in Britain will increase to 68 in mid 2030s and 69 in late 2040s, announced Finance Minister George Osborne.
In China, 38 million people stopped paying social insurance this year, either before or after reaching the pension-receiving threshold of 15 years.