国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Latest News

Pilot program supplements pension system

By Yang Guoying (China Daily) Updated: 2014-07-02 07:54

The China Insurance Regulatory Commission recently announced that four cities, Beijing, Shanghai, Guangzhou and Wuhan, would be the pilot cities for a houses-for-pensions program for senior citizens beginning July 1.

The aim is to provide citizens with secure and stable incomes after they retire based on the equity in their homes. Houses-for-pensions can provide a financial solution to retirement for those elderly with properties, especially those seniors who have lost their only child.

Pilot program supplements pension system
Trial of reverse mortgages gets green light
Pilot program supplements pension system
China reports pension funds surplus 
However, the plan has caused controversy since the idea was introduced in September last year. The main reason for this is the new program seems to pose a challenge to China's traditional retirement lifestyles. In Chinese culture, housing and land are passed on through the family when people die and they are seldom sold off.

For another, in rural areas it is still the norm for adult children to support their aging parents. While for citizens in urban areas, the government has established a basic pension system for senior citizens with national pension funds since 1949.

However, nowadays, this pension system cannot meet the needs of China's aging society. In particular, people in rural areas need to be included in the national pension system in the near future in order to realize greater fairness in society.

China is now becoming an aging society. According to the data from the Ministry of Civil Affairs, the number of seniors, that is people over the age of 60, was more than 200 million in February, accounting for 14.9 percent of the total population in China.

However, the aging process in China has just started. It is predicted that in 20 years, China will enter the peak period for its aging population. Moreover, the statistics of the United Nations show that the population of Chinese old people aged over 65 will reach 487 million in 2050, accounting for 35 percent of the total population. Therefore, the pension burden will become increasingly heavy.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
呈贡县| 湖南省| 马公市| 普兰店市| 金山区| 龙井市| 平原县| 镇江市| 大城县| 扎囊县| 宾阳县| 勃利县| 黎城县| 名山县| 济阳县| 丰镇市| 沾益县| 厦门市| 阿合奇县| 得荣县| 龙游县| 中宁县| 沁阳市| 无极县| 清新县| 女性| 盐源县| 二连浩特市| 万宁市| 昔阳县| 那坡县| 读书| 淄博市| 革吉县| 灌云县| 营山县| 迁西县| 怀宁县| 施甸县| 玛纳斯县| 富裕县|