Governance And Fund Management In The Chinese Pension System
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Governance And Fund Management In The Chinese Pension System
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Author : Yu-Wei Hu
language : en
Publisher: International Monetary Fund
Release Date : 2009-11-01
Governance And Fund Management In The Chinese Pension System written by Yu-Wei Hu and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-11-01 with Business & Economics categories.
The Chinese pension system is highly fragmented and decentralized, with governance standards, pension fund management practices, their regulation and supervision varying considerably both across the funded components of the Chinese pension system and across provinces. This paper describes the key components of the system, highlights the progress made to date and identifies remaining weaknesses, in regard to information disclosure, the governance framework and pension fund management standards.
China S Pension System
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Author : Jun Peng
language : en
Publisher: Taylor & Francis
Release Date : 2024-03-25
China S Pension System written by Jun Peng and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-25 with Political Science categories.
Since 1978, when China started remaking its economy, it has also embarked on an unparalleled effort at remaking its pension system to accommodate its hybrid economic model. This book tells the story of how China has managed to build a national pension system that now covers most of its population and what this system holds for its future. This book covers the following topics: evolution of Chinese pension system to its current form; benefit design, financing, and governance of current pension system; challenges facing the pension system, especially the looming funding shortage due to accelerating population ageing; solutions to the challenges; and lessons learned from the Chinese experience. Due to the fragmentation of pension system among 31 mainland provinces, we also select three provinces as case studies to help readers gain a richer understanding of how economic and geographic diversity has created disparity in pension benefit design and financing between provinces and within a province and how such disparity adds complexity and challenges to the pension system. This timely and important study provides up-to-date and in-depth analyses for policymakers and stakeholders to make informed decisions and will be relevant for all scholars and students of public administration and public policy studies.
China S Pension System
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Author : Mark C. Dorfman
language : en
Publisher: World Bank Publications
Release Date : 2013-04
China S Pension System written by Mark C. Dorfman and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04 with Business & Economics categories.
Comprehensive reform of China’s pension and social security system is an essential element of achieving its objectives of a harmonious society and sustainable development. Over the past few years, the Government has considered various options and initiated several significant measures. In 2009 the authorities established a national framework for rural pensions, the Rural Pension Pilot Program (RPPP) and in 2011 a Pilot Social Pension Insurance for Urban Residents announced. In this process, it has articulated principles for a reformed urban pension system (indicated by 12 Chinese characters ) which are “broad coverage, protects at the basic level, is multi-layered, and sustainable” while the principles for the rural system (indicated by 12 characters ) are “broad coverage, protects at the basic level, flexible, and sustainable.” These principles underpin the commitments made at the 17th Party Congress towards a comprehensive and integrated social security system by 2020. Although substantial reforms of the pension system have been undertaken over the past two decades, some policymakers have suggested that additional reforms are needed to meet the needs of China’s rapidly changing economy and society. Issues such as legacy costs, system fragmentation and limited coverage have not been fully addressed. At the same time, many new challenges have emerged such as rapid urbanization, increased income inequality and urban-rural disparities, greater informalization of the labor force, changes in family structure, and the effects of increased globalization. This report has been prepared at the request of the Ministry of Finance to develop a medium term vision of a holistic framework that could be realized by 2040 for strengthening old age income protection in China which is consistent with the principles outlined in the 12 characters and design options towards achieving it. The main body of this report outlines this vision – summarizing the key features of a proposed medium-term pension system – while the annexes provide the deeper analysis and context which underpins the recommendations contained herein.
Old Age Security
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Author : Ramgopal Agarwala
language : en
Publisher: World Bank Publications
Release Date : 1997-01-01
Old Age Security written by Ramgopal Agarwala and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-01-01 with Business & Economics categories.
The seventh edition of this annual report reviews the long-term prospects for developing countries in light of changes in the global environment and provides a detailed discussion of selected aspects of the global integration process in those countries. The first chapter evaluates prospects for the major elements of the external environment affecting developing countries and the medium-to-long-term outlook for developing countries themselves. The report forecasts that the external environment for developing countries remains broadly favorable. Among the main policy challenges faced by these countries is their ability to adapt to long-run shifts in market opportunities and heightened competitive pressures brought on by global trade liberalization--now increasingly focused on liberalization of trade in services--rising global production, and other forms of global integration. The chapter considers the implications for the world economy of rapid growth and integration in large developing countries such as China, India, and Brazil in the period to 2020. The second chapter looks at the move toward greater globalization of production, broadly defined as cross-border production by multinational enterprises and their networks of affiliates, subcontractors, and other partners. Within this context, the chapter addresses the significance of global production in world output in main groups of countries and economic sectors; factors driving the trend toward global production, including heightened competition, worldwide policy liberalization, and rapid technological progress; the benefits that developing countries can derive from global production, such as new technologies and improved efficiency practices; and the issues for policymakers seeking to enhance participation in global production and maximize its benefits for host countries.
China S Pension Reforms
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Author : Ke Meng
language : en
Publisher: Routledge
Release Date : 2018-09-03
China S Pension Reforms written by Ke Meng and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-03 with Business & Economics categories.
Existing literature has looked at many factors which have shaped Chinese pension reforms. As China’s pension reform proceeds in an expanding and localising fashion, this book argues that there is a pressing need to examine it in the context of China’s political institutions and economic transformations. The book takes a unique approach by looking at political institutions of the Chinese state and the changing conditions of the Chinese economy, which rarely receive proper treatment in the current analysis of China’s pension reforms.
The Development Of Security And Whole Care System For The Aged In China
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Author : Yanzhong Wang
language : en
Publisher: Springer
Release Date : 2017-10-25
The Development Of Security And Whole Care System For The Aged In China written by Yanzhong Wang and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-25 with Family & Relationships categories.
This book examines the process of population aging in China and its unique features, considers the social progress implied in China becoming a society with an aging population, and assesses the tremendous risks and challenges involved. Based on the development of pension security systems around the world, the book studies the status quo and future requirements of the Chinese pension security system from the perspectives of capital, service and spirit, and puts forwards a three-pillar pension security system that is in conformity with China’s current situation – and reflects the developmental trend that, in future, social security will likely transform from material security into comprehensive security. In addition, the book analyzes the Chinese pension security system. While integrating international perspectives, its main focus is on statistical analysis, combining theory with practice, and qualitative with quantitative analysis. As such, the book not only offers a “wi ndow” for the world on the status and evolution of China’s pension security system, but also an opportunity for international academic dialogues.
Policy Implementation In Reform China
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Author : Peter N. S. Lee
language : en
Publisher:
Release Date : 1997
Policy Implementation In Reform China written by Peter N. S. Lee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Political Science categories.
Pension System Reform In China
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Author : Yi Lin
language : en
Publisher:
Release Date : 1997
Pension System Reform In China written by Yi Lin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Pension trusts categories.
Socialist Insecurity
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Author : Mark W. Frazier
language : en
Publisher: Cornell University Press
Release Date : 2011-03-15
Socialist Insecurity written by Mark W. Frazier and has been published by Cornell University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-03-15 with Political Science categories.
Over the past two decades, China has rapidly increased its spending on its public pension programs, to the point that pension funding is one of the government's largest expenditures. Despite this, only about fifty million citizens—one-third of the country's population above the age of sixty—receive pensions. Combined with the growing and increasingly violent unrest over inequalities brought about by China's reform model, the escalating costs of an aging society have brought the Chinese political leadership to a critical juncture in its economic and social policies. In Socialist Insecurity, Mark W. Frazier explores pension policy in the People's Republic of China, arguing that the government's push to expand pension and health insurance coverage to urban residents and rural migrants has not reduced, but rather reproduced, economic inequalities. He explains this apparent paradox by analyzing the decisions of the political actors responsible for pension reform: urban officials and state-owned enterprise managers. Frazier shows that China's highly decentralized pension administration both encourages the "grabbing hand" of local officials to collect large amounts of pension and other social insurance revenue and compels redistribution of these revenues to urban pensioners, a crucial political constituency. More broadly, Socialist Insecurity shows that the inequalities of welfare policy put China in the same quandary as other large uneven developers—countries that have succeeded in achieving rapid growth but with growing economic inequalities. While most explanations of the formation and expansion of welfare states are derived from experience in today's mature welfare systems, developing countries such as China, Frazier argues, provide new terrain to explore how welfare programs evolve, who drives the process, and who sees the greatest benefit.
Social Security Reform
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Author : Jason Z Yin
language : en
Publisher: World Scientific
Release Date : 1999-12-29
Social Security Reform written by Jason Z Yin and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-12-29 with Business & Economics categories.
This is the first-ever book to provide a comprehensive analysis of Chinese social security reforms with a variety of views. It addresses issues such as what kind of social security system China should establish, how this system should be managed and financed, and how the transition from the old system to the new system can best be accomplished. The authors of the papers in this book include internationally renowned Chinese and Western social security experts (such as Martin Feldstein and Henry Aaron), Chinese policy makers, and scholars who have worked on Chinese social security for years. Contents:The Choice of Old-Age Security SystemSocial Security Funds Management and Transitional IssuesHealth Care Reforms, Rural Social Security, and Social WelfareSocial Security Reform in the World: Lessons for China Readership: Economists, policy makers, undergraduate and graduate students in economics and finance. Keywords:Reviews: “… the volume is of high value to the field of Chinese social policy studies. At least two-thirds of the chapters are of high quality and are important for those who study related issues.” The China Journal