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English > Politics > Politics-Breakingnews>China Launches New Rural Social Pension Projects

China Launches New Rural Social Pension Projects

06-25 18:10 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-06-25/110189205.html
» 10 percent of China's counties will launch pilot rural social pension programs this year in preparation for a larger system that will cover 900 million people living in rural areas in China, the June 24 executive meeting of the State Council decided.
» The social pension fee includes three parts: money the rural residents pay themselves, money from the local community and subsidy from the government. As much as 3 billion yuan from central budget revenues will go to finance the government's portion.
» Any non-student over 16 who lives in a rural area and does not receive social pension from an urban employer can participate in the program.
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