Old Age Security Reform in China

Report Number: IB/95-1

Introduction

China is undertaking a major revamping of its old age security system because it is faced with a falling proportion of workers to pensioners, declining income replacement levels, precarious funding, and diminishing coverage of the labor force under the current system. China is reforming its urban old age security system and introducing a new system for the rural population.



Page Last Revised - October 8, 2021