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
...
...
全南县| 丰镇市| 涿鹿县| 阳泉市| 天祝| 定西市| 文昌市| 遂川县| 无锡市| 定西市| 电白县| 靖江市| 革吉县| 新宁县| 临猗县| 贡嘎县| 利津县| 班玛县| 罗山县| 巨鹿县| 怀集县| 顺义区| 蕲春县| 军事| 当阳市| 行唐县| 松溪县| 拉孜县| 赤城县| 苍山县| 施秉县| 柳林县| 商河县| 富源县| 肃南| 嵊州市| 英山县| 榕江县| 富川| 饶河县| 厦门市|