China’s Pension Schemes for Rural and Urban Residents

Dorfman, Mark C.; Wang, Dewen; O’Keefe, Philip; Cheng, Jie

doi:10.1596/9780821394922_ch11

Cited by 14 publications

(17 citation statements)

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“…Although the pilot programs of the pension system in rural China did not work very smoothly (Dorfman et al ., ), the NRPP has marked a great achievement in history, whereby rural residents are socially supported when they are old. China started the NRPP late in 2007, but it has been quickly expanded in all rural areas.…”

Section: The Structure Of Social Protection System In Chinamentioning

confidence: 99%

The Social Protection System in Ageing China

Cai

2015

Asian Economic Policy Review

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China has made great progress in weaving its social safety net in the new century. By constructing the three pillars of its social protection system -the pension system, the medical care system, and social assistance -China is trying to cover all its people under the system. Regardless of these great achievements in coverage, China has been facing challenges in the era of population ageing. In addition, the system per se needs to be integrated among various groups of people. Sustaining and strengthening the three pillars will rely on labor productivity improvement, adequate choices of welfare, and efficiency improvements.

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Section: The Structure Of Social Protection System In Chinamentioning

confidence: 99%

The Social Protection System in Ageing China

Cai

2015

Asian Economic Policy Review

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“…The lowest maximum contribution, set by the central government, is CYN 500 a year (approx. USD 80 in 2013), with only 5 per cent of participants contributing that amount (Dorfman et al., ). Each county can decide the exact contribution range applying in its jurisdiction (Gao, Su and Gao, ).…”

Section: Overview Of Social Security Old‐age Benefits Programmes In Cmentioning

confidence: 99%

“…No matter the contribution level chosen by participants, they receive the same level of government subsidy. Thus, nearly half of participants make the minimum contribution (Dorfman et al., 2013a and 2013b).…”

Section: Features and Sustainability Of The Nrpsmentioning

confidence: 99%

Extending social security coverage to the rural sector in China

Tian-hong

Turner²

2014

Int Social Security Review

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In late 2009 China launched an innovative, voluntary programme that by 2011 had extended pension coverage to 326.4 million people in the rural sector, including contributors and beneficiaries. It requires one contribution per year and provides a flat‐rate benefit and a contributions‐related benefit through a contributory individual account, with a government guarantee that the benefit will continue for life. The programme encourages participation of persons who do not pay income taxes, and thus have no tax incentive to participate, by providing substantial government subsidies. As a further incentive, old‐age benefits are provided to older parents when all their adult children participate in the contributory programme.

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“…The subsidy, which is provided by the government, varies across regions, but the minimum subsidy is a flat 30 Chinese Yuan (CNY) a year, where the minimum contribution is CNY 100 a year (approx. USD 16), with nearly half of participants making the minimum contribution (Dorfman et al., ).…”

Section: The Mbao Pension Planmentioning

confidence: 99%

“…Such government expenditure could be justified because the government would otherwise be incurring tax expenditure through lost tax revenue if these workers had benefited from a tax preference. Matching contributions are provided for voluntary government social security pension programmes in China (Dorfman et al., ), India (Palacios and Sane, ) and Thailand (Wiener, ). In India, one pension programme offered for a four‐year period a matching contribution for workers who made contributions under a certain small amount (Shankar and Asher, ).…”

Section: Possible Future Changes To the Mbao Pension Planmentioning

confidence: 99%

Extending pension and savings scheme coverage to the informal sector: Kenya's Mbao Pension Plan

Kwena¹,

Turner²

2013

Int Social Security Review

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The Mbao Pension Plan is a voluntary individual account savings plan to which all workers in Kenya may contribute without regard to income or age. It is designed to provide a programme that is suitable for the unique nature of the informal sector and to encourage a savings culture for those workers. The key innovation is that low‐income workers can easily make small contributions at relatively low cost, considering the small contributions and small account balances. Participants can conveniently make contributions anytime and anywhere using their cell phones. This savings innovation is made possible by technological innovations that have reduced the costs of cell phones and airtime, and by the entrepreneurial innovation of mobile money. The plan is provided through private‐sector businesses.

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China’s Pension Schemes for Rural and Urban Residents

Cited by 14 publications

References 0 publications

The Social Protection System in Ageing China

The Social Protection System in Ageing China

Extending social security coverage to the rural sector in China

Extending pension and savings scheme coverage to the informal sector: Kenya's Mbao Pension Plan

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