Artikler tagget med CHINA
China is currently undergoing the largest regional migration in the world’s history. Young rural workers are moving to urban areas, often in a different province, for substantial periods of their working lives. Social security policy in China, while framed by national protocols and policy guidelines, is administered at more than 2000 lower-level jurisdictions, typically cities and counties, and at present this compromises pension entitlements of China’s 150 million rural migrant workers.
China is at a critical juncture in its economic transition. A comprehensive reform of its pension and social security systems is an essential element of a strategy aimed toward achieving a harmonious society and sustainable development.
China’s new Rural Pension scheme, announced in October 2009, is destined to be the world’s largest, at least in terms of membership. By the time it is fully implemented, in 2012, it will comprise some 600 million members, with about 105 million receiving benefits at that time.