Civil servant pension reforms may take effect in ’16
By Ann Yu ,The China PostApril 12, 2013, 12:05 am TWN
TAIPEI, Taiwan — The Examination Yuan approved amendments to the Civil Servant Pension Act yesterday, including capping the income replacement rate of retired civil servants at [...]
Pension funds require urgent attention: Ma
By Adam Tyrsett Kuo ,The China PostJanuary 31, 2013, 12:06 am TWN
TAIPEI, Taiwan — The nation’s pension funds are like a train headed toward a cliff, President Ma Ying-jeou said yesterday.
Although there is no imminent danger [...]
Ma to unveil civil servant pension reform Tuesday
CNAJanuary 28, 2013, 12:00 am TWN
TAIPEI — President Ma Ying-jeou is scheduled to unveil a comprehensive pension reform plan for civil servants Tuesday, the ruling Kuomintang legislative caucus said yesterday.
In a briefing to the [...]
China’s pension deficit climbs to 77 billion yuan
China’s top think tank is reporting China’s pension deficit reached some 77 billion yuan in 2011, an increase of some 9 billion yuan from a year earlier, raising worries about an unsustainable financial situation of the current [...]
Military denies plan to push back minimum pension benefit age to 60
TAIPEI, Taiwan — The military yesterday denied media speculation that it will rise the age at which retired personnel can receive pension benefits to 60 in a bid to prevent the pension fund from going bankrupt.
The Ministry of National [...]
Labor Insurance Pension benefits may shrink
Amid reports that the Labor Insurance Fund will go bankrupt in 2027, the government has devised a plan that may decrease workers’ old-aged benefits. According to the Council of Labor Affairs (CLA), the Labor Insurance Fund may begin to [...]
Wen urges more gov’t spending on pension system
Chinese Premier Wen Jiabao on Friday urged for more government spending on the social pension insurance system to address the country’s aging problem.
A national working conference on rural and urban social pension insurance [...]
Wen urges more gov’t spending on pension system
Updated: 2012-10-12 22:40
(Xinhua)
BEIJING – Chinese Premier Wen Jiabao on Friday urged for more government spending on the social pension insurance system to address the country’s aging problem.
The government must guarantee financial [...]
Pension program to ease aging burden
Updated: 2012-09-20 13:21
(chinadaily.com.cn)
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“Pensioners who live in the north can spend their winter in Hainan,” said Xu Zaogui, director of the Xueliang Zhang Public Welfare Foundation Ltd., while explaining [...]
China’s social security rates high row of the world’s 13 pension premium rate
BEIJING, Sept. 20 – According to the website of the Ministry of Human Resources and Social messages, Sept. 20, for more attention in the recent social social premium rate, the person in charge of the Ministry of Human Resources and Social [...]
As Population Ages, Pension System Feels Strain
The Economist details the challenges facing China’s pension system, which has grown considerably in the last several years but still must grapple with a number of structural inefficiencies:
Unlike individual accounts in nearby Hong Kong or [...]
China swoops down on GM pension plan’s assets
Reuters - General Motor Co’s (GM.N) underfunded pension plan has found a buyer for its illiquid private equity assets – the Chinese government, which is willing to pay between $ 1.5 billion and $ 2 billion, the Financial Times [...]
Japan’s massive pension fund books 2.32% return
TOKYO — Japan’s US$ 1.42 trillion public pension fund, the largest national retirement scheme in the world, said Friday it posted an annual return of 2.32 percent on the back of stronger equity markets.
The Government Pension Investment [...]
China widens pension coverage as population ages
SHIJIAZHUANG, July 1(Xinhua) — China on Sunday launched a campaign aiming to provide pension insurance to all rural residents and unemployed citizens in order to help the country cope with its aging population.
“We must ensure that [...]
China widens pension coverage as population ages
SHIJIAZHUANG, July 1(Xinhua) — China on Sunday launched a campaign aiming to provide pension insurance to all rural residents and unemployed citizens in order to help the country cope with its aging population.
“We must ensure that [...]
China’s pension fund balance: 1.95 trln yuan
China’s fast-growing national pension fund had 1.95 trillion yuan (309.52 billion U.S. dollars) in its accounts by the end of 2011, a report on the nation’s social security fund showed Wednesday.
By the end of last year, the fund [...]
China’s pension fund return plummets
China’s social security fund last year had the worst investment return since 2008 due to the weak domestic stock market.
The National Social Security Fund, which manages the country’s social security fund worth 869 billion yuan [...]
Pension Fund Investment See Bleak Return
BEIJING – China’s social security fund manager released Friday a bleak annual report for 2011, with an investment revenue of 7.34 billion yuan ($ 1.16 billion) amid the stock market’s lackluster performance.
The rate of return [...]
Pension system to face huge gap
A research report headed by senior economists in China has predicted a huge gap will occur in China’s pension system as early as 2013, Economic Information Daily reported.
A report entitled “Resolving Mid- and Long-term Risks in [...]
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