The Reform of the Pension System Under the Background of Population Aging in China

Yueqiang Pan, Haina Jiang and Xipeng Ma
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Yueqiang Pan: Law School of Peking University
Haina Jiang: Peking University
Xipeng Ma: Cancer Hospital of Peking University

A chapter in China's Road and Aging Population, 2023, pp 193-206 from Springer

Abstract: Abstract In the report of the Nineteenth National Congress of the Communist Party of China, it was proposed that a multilayered social security system covering all people integrated between urban and rural areas with clear rights and responsibilities and moderate protection and sustainability should be comprehensively built. Social security is the core of the social security system and consists of pension insurance, medical insurance, unemployment insurance, work injury insurance and maternity insurance. In 2016, social security expenditures were ¥4.69 trillion, of which pension insurance expenditures were ¥3.40 trillion, accounting for 72.5% of total expenditures. It can be seen that pension insurance is the most important component of social insurance.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-8891-2_13

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DOI: 10.1007/978-981-19-8891-2_13

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