Extension of Old-Age Insurance Coverage in China
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Transcript of Extension of Old-Age Insurance Coverage in China
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7/29/2019 Extension of Old-Age Insurance Coverage in China
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Extension of old-age insurancecoverage in China
approach, experience and challenge
Qian YAO
Social Insurance AdministrationMinistry of Human Resources and Social SecurityPeoples Republic of China
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SocialInsuranceAdministration,MoHRSS,P.R.China
Content
1. Background
2. Chinese approaches
3. Achievements and experience 4. Challenges
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1.1 Old-age insurance system inChina
Old-age insurancesystem
basic old-ageinsurance foremployees
Retirementpensionscheme
new rural socialold-age insurancescheme and socialold-age insurancescheme for urban
residents
enterpriseemployees
employees ofgovernment andpublic institutions
Urban and ruralresidents
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1.2 Policy options of the ChineseGovernment
Principle: Putting the people first andhighlighting the focus on the well-being ofthe people
Target: by 2020, a full-fledged socialsecurity system with Chinese characteristicsshall be put in place, covering the wholepopulation, integrating urban and rural
areas, sustaining stable development, andproviding social protection floors to all
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SocialInsuranceAdministration,MoHRSS,P.R.China
2.1 Adopting legislation and expandingbasic old-age insurance coverage by law
Social Insurance Law(2010)
the first special law concerning
social insurances in China
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2.2 The extension of coverage of basic old-age insurance for employees
to new categories of the population: Non-public enterprises of all kinds, privately orindividually-owned businesses, workers in
flexible employment forms, full-timeprofessionals in social organizations
scheme transfer and continuation amongdifferent provinces
significant improvement in benefits
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2.3 Introduction of new schemesfor targeted groups
Pilot Projects for Establishing a NewType Old-age Insurance System forRural Residents,2009
Pilot Scheme for Establishing a SocialOld-age Insurance System for UrbanResidents, 2011
Integration
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2.4 Improvements in accessibility
social security card
By the end of 2011 , 200 million cards wereissued. The figure is expected to reach 349
million by end 2012 and 800million by end2015
build social security service platform andnet work at street, village ,township andcommunity levels
In the nationwide, the total numberreached 7000.
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3.Achievements of coverageexpansion
The number of employees covered in basicold-age insurance continues to grow
In March 2012, 287.75 million, 2.3 times as
many as the number in 1999. The number of covered members in new
rural old-age insurance and old-ageinsurance for urban residents grows rapidly
376 million, by March2012
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4. Challenges we are facing
more informal workers should becovered
easier transitions between urban andrural schemes
small-sized enterprises
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THANK YOU!